Binance attributes $6.34 billion cyberattack to North Korea, boosts AI security
Nigeria, Nov. 4 -- Binance attributed the 29 October cyberattack to North Korea, citing information from the Federal Bureau of Investigation (FBI), and said the attackers used fraudulent recruitment interviews to infiltrate its systems.
Binance disclosed this on Tuesday, noting that approximately $6.34 billion in digital assets were affected by a security breach on 29 October.
The cryptocurrency exchange said it would absorb the financial impact of the incident rather than pass the loss on to users, adding that it had set aside more than 100 per cent of the funds required to cover the stolen assets.
Binance said it has frozen or intercepted about $2.85 billion in assets and replenished 98 per cent of the affected tokens.
"As of 31 Oct...
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