ReportedrecoveryClaim 41
It said Friday that it was beginning to recover assets for users.
Reviewer note: Event time is a date only. The 00:00 UTC time shown is a placeholder, the source gives no time of day.
Binance announced that it was beginning to recover assets for users on Friday.
This line is our short summary of the quote below. The quote is the evidence.
Other claims from the same source
Reportedroot causeClaim 331
NPR reported that Kok Tin Gan of NyxLab said the event raises questions about why stronger approval controls were not in place.
The event, meanwhile, also raises questions about why stronger approval controls were not in place, said Kok Tin Gan, cofounder and CEO of cybersecurity firm NyxLab.
Theoryroot causeClaim 53
Kok Tin Gan, cofounder and CEO of NyxLab, stated that the incident looks like one signature that gave the attacker a never-expiring, full-access token to a Binance hot wallet.
"This looks like one signature that gave the attacker a never-expiring, full-access token to a Binance hot wallet," he said, referring to cryptocurrency wallets that hold users' "private keys," or unique authorizations, digitally and which are connected to the internet.
Reviewer note: Opinion from a security firm CEO about how the attack worked, hedged ('looks like'). Not a finding.
ReportedresponseClaim 52
Changpeng Zhao stated that as a shareholder, he expects all user funds will be fully covered.
He added that while he doesn't manage Binance anymore, "as a shareholder, I expect all user funds will be fully covered."
ReportedresponseClaim 50
A Binance spokesperson said the company is working closely with law enforcement partners to confirm the identity of the criminals and bring them to justice.
Asked about the potential ties to North Korea, a Binance spokesperson said only that the company is "working closely with our law enforcement partners to confirm the identity of the criminals and bring them to justice."
ReportedattributionClaim 49
Jonathan Levin, co-founder and CEO of Chainalysis, wrote that the Binance hack was likely done by DPRK group TraderTraitor.
Blockchain analysis company Chainalysis also believed the Binance hack was "likely done by DPRK group TraderTraitor," its co-founder and CEO Jonathan Levin wrote on X.