Binance says all asset losses from N. Korea-linked cyberattack covered

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 loss

Source: The Korea Herald