Crypto firm Binance says it has covered 90 percent of losses from the multibillion-dollar hack.

The FBI has linked North Korea to the theft of a record $6.3bn in virtual assets from cryptocurrency exchange Binance.

Malicious actors from North Korea were observed laundering the ⁠stolen assets ⁠by converting them primarily into the cryptocurrency Ethereum, ⁠the FBI said in a statement on Saturday.

The US agency blamed the operation specifically on a group called TraderTraitor, the same group blamed for a $1.5bn theft from the Bybit platform in February last year.

According to the statement, the assets are expected to be “further laundered” in stages.

The…