Binance said it had replenished the stolen assets using various funds and its own corporate treasury.
Binance stated that it had replenished the stolen assets using various funds and its own corporate treasury.
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The BBC described TraderTraitor as also known as the Lazarus Group.
they had robust intelligence pointing to North Korean state-backed hacking unit the Lazarus Group, also known as TraderTraitor
The US Secret Service stated that it is working around the clock with private sector partners to identify, freeze, trace, and recover funds stolen from Binance.
The US Secret Service said on Friday it is "working around the clock" with private sector partners "to identify, freeze, trace, and recover funds" stolen from Binance.
Binance stated that it had frozen around $3bn of stolen assets after working with law enforcement, intelligence firms, and partners.
On Friday, the company said it had frozen around $3bn of stolen assets after working with law enforcement, intelligence firms and partners.
Richard Teng, Binance's co-chief executive officer, stated that the hack was carried out by more than one person using sophisticated methods to hide their tracks.
Richard Teng, Binance's co-chief executive officer, said the hack was carried out by more than one person, and the hackers used sophisticated methods to hide their tracks, such as a "self-destruct mechanism".
Binance's initial investigation suggested an engineer's laptop was compromised, allowing access to unauthorised withdrawals, but a later update said they had uncovered additional points of breach.
Binance's initial investigation suggested an engineer's laptop was compromised, which allowed access to unauthorised withdrawals, but a later update said they had uncovered "additional points of breach".