India, Nov. 1 -- The FBI has blamed North Korea for the theft of $6.3 billion in cryptocurrency from Binance, calling it the work of a state-backed hacking group known as TraderTraitor. The attack, described as the biggest crypto heist in history, took place on Thursday and affected the world's largest cryptocurrency exchange.

Binance said on Saturday that it had replaced 90% of the stolen assets using company funds and would cover the remaining losses. Co-CEO Richard Teng assured customers that they would not face any financial impact from the breach.

In a statement, the FBI linked the attack to TraderTraitor, a group previously blamed for a $1.5 billion hack of cryptocurrency exchange Bybit last year. The bureau described the latest i...