# AP explains what is known about the $6.3B Binance hack

Associated Press reviews the October 29 Binance theft, the exchange's promise to cover losses and the work to trace frozen and still-movable assets. The report also explains hot wallets and notes that investigators, not Binance, have attributed the incident to a North Korean group. #binance #cryptocurrency #bitcoin #security

Original report: [Associated Press](https://apnews.com/article/550e9b876550f71f07098494fe735beb)

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Canonical URL: https://qwibbit.com/q36920

Created: 2026-10-30T23:01:37.306000+00:00

Last edited: 2026-10-30T23:01:37.306000+00:00

Board: 3

Origin: Syndicated

Original source: https://apnews.com/article/550e9b876550f71f07098494fe735beb