Cryptocurrency exchange Binance stated on Saturday that it had replaced 90 percent of the funds stolen during a record $6.3bn hack of its platform. The remaining 10 percent of tokens are less liquid and will take more time to purchase, the company explained in a social media post.
Co-Chief Executive Officer Richard Teng confirmed the platform’s dedication to making customers whole. He stated that the firm was committed to covering the remaining portion and that users would not bear the financial impact of the incident.
The announcement followed a statement from the United States Federal Bureau of Investigation on Saturday. The law enforcement agency confirmed that a North Korea-affiliated group named TraderTraitor orchestrated the massive breach.
The FBI statement noted that the Democratic People’s Republic of Korea was responsible for the theft of more than $6bn in virtual assets from the exchange on or around October 29, 2026. Investigators urged private sector entities to block transactions with digital addresses linked to TraderTraitor actors attempting to launder the stolen assets.
TraderTraitor is linked to the Lazarus Group. That organization gained global notoriety in 2014 after facing accusations of hacking Sony Pictures to retaliate for a film mocking North Korean leader Kim Jong-un.
Teng described the breach as a complex operation on Friday. He said the attackers used a compromised laptop and malicious software designed to erase digital evidence, complicating the investigation.
Binance allocated approximately $6.34bn in company funds to absorb the losses. The platform used its $1bn Secure Asset Fund for Users, a bitcoin reserve created to protect clients during security breaches, alongside its Futures Insurance Fund and corporate treasury to repurchase the tokens.
The breach triggered sharp drops across major cryptocurrency markets. Bitcoin fell by nearly 5 percent, Ethereum dropped by almost 6 percent, and BNB, the native token of Binance, tumbled by nearly 10 percent.
The massive scale of the cyberattack drew renewed attention to North Korea’s ability to generate illicit revenue. The nation faces heavy international sanctions over its nuclear and missile programs.
