North Korea-linked hackers stole about $6.3 billion from Binance on October 29, including roughly $3 billion that has been frozen. The platform, which faces a shortfall of about $2 billion, suspended withdrawals and says it will cover all losses. Elon Musk trolling the theft on X prompted Binance founder Changpeng Zhao to point out that the exchange holds SpaceX shares worth more than $1 billion. Binance co-CEO Yi He nevertheless said the platform’s annual revenue is sufficient to cover the losses, meaning it does not need to sell those shares. Withdrawals are expected to resume within 48 hours, while position liquidations topped $628 million in one hour.
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