Binance Reimburses 90% of Losses After $6.3 Billion Hack

Binance just covered ninety percent of the six-point-three billion dollars stolen in Thursday's massive crypto hack. The company used its own corporate treasury to pay back the lost funds. But here is the catch. The remaining ten percent might take much longer to source. Binance says it will absorb the entire financial hit so users do not lose their money. Co-chief executive officer Richard Teng revealed the hackers used a self-destruct mechanism to hide their tracks. The FBI blamed North Korea for the attack on Saturday. Investigators believe the state-backed Lazarus Group carried out the heist. Binance restored withdrawals on several networks by Sunday after freezing about three billion dollars of the stolen assets.