Binance says all asset losses from N. Korea-linked cyberattack covered
WASHINGTON — Global cryptocurrency exchange Binance said Thursday it has completed covering assets affected by a massive cyberattack blamed on North Korea, after committing more than $6.34 billion in company funds to make up for the losses. "Binance has completed coverage of assets impacted in the security incident," the company said in a statement posted on its website. The company said it used funds from its Secure Asset Fund for Users (SAFU), futures insurance fund and corporate treasury to cover the losses, while acquiring affected cryptocurrencies through market and over-the-counter transactions. "Binance has committed to replenishing SAFU to return the fund to approximately $1 billion, ensuring it remains fully resourced as an emergency user-protection reserve," it said. The announcement follows an Oct. 29 cyberattack in which hackers allegedly linked to North Korea stole more than $6 billion in digital assets from Binance. The U.S. Federal Bureau of Investigation attributed the theft to a North Korean hacking group known as TraderTraitor, warning that the stolen assets could be l
Read full articleMORE NEWS
A 17-year-old boy has been found after missing in Victorian bush
The teenage boy, William, has been found safe and in good spirits after six days lost in dense bushland.
Australia news LIVE: Microsoft outage affects thousands of Outlook, Teams users worldwide; Petrol prices tumble as global oil cost falls
Follow along as we bring you the latest live news updates from Australia and beyond.
Russell Brand faces allegations from six more women
The new claims follow Brand's convictions for raping one woman and sexually assaulting three others
Train disruption LIVE as services cancelled between Piccadilly and Manchester Airport
A fault on a train has led to disruption
As Japan looks to strengthen defences and security strategy, analysts warn of escalation
Japan aims to become harder to defeat militarily and less vulnerable to economic pressure from China under plans to overhaul its three key security documents by the end of the year. Analysts said the proposed revisions could make it more difficult for China to achieve its military objectives or use financial leverage on Japan, but that their impact would depend on Tokyo’s ability to translate its plans into practical capabilities. Some also said that stronger Japanese defences could prompt...
Kent County Council refuses to remove David Walliams' books after sexual misconduct allegations
A council has faced criticism for refusing to remove David Walliams’ books from libraries after a probe into allegations of sexual misconduct.
ASX set to fall, Nvidia weighs on Wall Street; Trump sends oil higher
The US stock market shook, but it largely absorbed big swings for Nvidia and oil prices and finished with relatively modest losses.
Junk bond ratings on troubled LAX people mover drop again as key deadline nears
Fitch Ratings significantly downgraded the LINXS Skylink people mover project at LAX as it continues to face setbacks while approaching a key deadline.
Microsoft investigating as global outage hits Outlook, Teams and CoPilot
The tech giant says its infrastructure has been strained by "a number of servers being unexpectedly unavailable".
'Keeping it in the family': Mum, dad and daughter ran Macclesfield drug empire
Father, mother and daughter have been sentenced after police uncovered an over £450k operation
'TikTok cannot be more important than human life' police say as tiger kills teen in horror stunt
The 19-year-old victim reportedly worked at the farm where the tiger was being kept
Media industry needs 'to look at itself', Prime Minister says
He made the intervention following Russell Brand’s rape conviction and allegations against David Walliams
