Investigators and analytics firms have tied the massive digital currency theft to a prominent North Korean cyber group, though formal responsibility has not yet been declared. The exchange managed to halt the movement of half the compromised funds, but the remaining balance is still controlled by the unauthorized actors. For its part, the company has refused to provide direct answers regarding potential North Korean ties to the intrusion.
Key points
A significant portion of the stolen funds remains actively controlled by the unidentified…: A significant portion of the stolen funds remains actively controlled by the unidentified hackers.
No hacking organization has publicly claimed official responsibility for carrying out the…: No hacking organization has publicly claimed official responsibility for carrying out the multi-billion-dollar breach.
Exchange leadership has declined to directly address questions concerning a potential Nor…: Exchange leadership has declined to directly address questions concerning a potential North Korean connection.
Sources checked by our analysis pipeline: 1
Binance, the world's biggest crypto exchange, has been hit by a $6.3bn (£4.7bn) hack.
Half of the assets have been frozen but many remain in the hands of the hackers, the cryptocurrency giant said.
Two analytics firms have attributed the incident to a North Korean hacking unit, though no one has claimed responsibility. Binance did not directly respond to questions about the incident's potential links to North Korea.
BBC business reporter Archana Shukla explains what we know so far about this hack.
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