Binance buys back stolen altcoins with BTC and ETH after $6.3B hack
AI summary
Binance is buying back stolen altcoins using company reserves and over-the-counter desks, funded with Bitcoin and Ethereum, following a $6.3 billion hack. Investigators are tracing the stolen funds to North Korea-linked actors. The scale of the loss and the exchange's use of its own BTC and ETH reserves to cover customer assets is a major solvency and confidence test for the largest crypto exchange.
Narrative history
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18M AGOCryptoNews · Score 78 · via hack hits, Binance hack
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40M AGOCointelegraph · Score 85 · via $6.3B hack, $6.3B
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1H AGOCointelegraph · Score 55 · via hack losses, $5B
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1H AGOBitcoin.com News · Score 85 · via historic hack, historic
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1H AGOYou’re reading thisBinance buys back stolen altcoins with BTC and ETH after $6.3B hackcrypto.news · Score 85
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2H AGOCoinDesk · Score 25 · via Binance hack, hack
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2H AGOCrypto Briefing · Score 75 · via $6.3B, aside
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2H AGOCointelegraph · Score 85 · via $1.6B, Binance hack
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2H AGOCryptoSlate · Score 78 · via Binance finds, additional
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2H AGOCoinDesk · Score 85 · via Binance hack, hack
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2H AGOThe Defiant · Score 55 · via withdrawals, $6.3B hack
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3H AGOcrypto.news · Score 78 · via cover losses, $6.3B
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3H AGOCointelegraph · Score 55 · via $6.3B hack, $6.3B
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4H AGOUnchained · Score 82 · via North Korea, TRM
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4H AGODecrypt · Score 85 · via $6.3B Hack, $6.3B
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5H AGOCoinDesk · Score 85 · via hack rattles, rattles
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5H AGOBitcoin.com News · Score 55 · via Liberty, Freeze
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6H AGOBitcoin.com News · Score 92 · via $1.5B liquidation, $1.5B
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6H AGOcrypto.news · Score 85 · via Binance hack, hack
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7H AGOcrypto.news · Score 92 · via $6.3B, hack
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7H AGOCointelegraph · Score 72 · via $6.3B Binance, $6.3B
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8H AGOCryptoSlate · Score 85 · via TRM, TRM Labs
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8H AGOU.Today · Score 85 · via $6.3B Hack, Hack
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8H AGOThe Defiant · Score 82 · via Binance hack, $6.3B
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9H AGOCrypto Briefing · Score 82 · via laptop, $6.3B
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9H AGOThe Defiant · Score 85 · via $6.3B, pledges cover
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9H AGOThe Defiant · Score 72 · via $6.3B, pledges cover
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9H AGOCoinDesk · Score 88 · via Binance hack, $6.3B Binance
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9H AGOCoinDesk · Score 75 · via Binance hack, hack
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10H AGOCryptoPotato · Score 90 · via $6.3B hack, $6.3B
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11H AGOThe Block · Score 85 · via cover user, user losses
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14H AGOCryptoSlate · Score 85 · via $6B, Binance hack
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14H AGOCointelegraph · Score 85 · via Binance hack, Bitcoin slides
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14H AGOBitcoin Magazine · Score 95 · via hack, suspected Binance
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16H AGOThe Block · Score 92 · via $5.8B, hack
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16H AGODecrypt · Score 95 · via hack, Circle freeze
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16H AGOCrypto Briefing · Score 72 · via Binance hack, freezes
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16H AGOBeInCrypto · Score 95 · via Binance confirms, hack
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16H AGOCointelegraph · Score 85 · via multibillion-dollar, multibillion-dollar multibillion-dollar
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16H AGOCrypto Briefing · Score 78 · via Binance hack, freezes
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16H AGOCoinDesk · Score 85 · via Binance hack, hack
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16H AGOBeInCrypto · Score 82 · via Binance Hack, Hack
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18H AGOU.Today · Score 72 · via Massive Hack, Massive
