- Binance founder Changpeng Zhao has warned that scammers are on overdrive following a record-breaking $6.3bn cyber attack on the cryptocurrency exchange.
- Security experts warn that cyber criminals are impersonating Binance representatives to exploit user panic through fake compensation offers and security alerts.
- The world's largest crypto exchange temporarily suspended withdrawals following last Thursday's attack, leading to $4.6bn in outflows when services resumed on Sunday.
- Binance stated it has already covered 95 per cent of the stolen customer assets by using its corporate reserves.
- The FBI has attributed the breach to TraderTraitor, a state-sponsored North Korean hacking unit, and warned that laundering of the stolen funds is ongoing.
IN FULL
