Business & MarketsDevelopingUpdated 2 hr ago

Binance says it has covered 90% of losses from $6.3bn crypto hack

Coverage spectrum

Covered by 4 outlets, mostly center (75%).

4 articles in total. The spectrum counts each outlet once and leaves opinion out. How we measure bias

Image via CNBCHow images are chosen Report this image

Binance says it has covered about 90% of the $6.3bn in crypto assets stolen in a hack on Thursday, and that the remaining 10% may take longer to source. The company says it has set aside more than $6.34bn in company funds for the losses. It plans to reopen withdrawals on Sunday 1 November, subject to security checks. Two analytics firms say a North Korean state-backed group is the likely culprit, and the New York Post reports the hackers were North Korean. Binance has pledged to cover all losses from the hack, which is believed to be the largest in crypto history.

Headline and summary written by Mantle’s AI from the coverage below, under published rules. How this works

New to Mantle? It shows who is covering each story across the political spectrum, and highlights loaded words. How to read a storyHide the guide

The coverage spectrum counts the outlets covering a story at each of five points. A short or missing segment means that part of the spectrum is mostly quiet.

Governor Loaded verb“slams”It adds drama to what was said. The governor criticized the lawmakers; “slams” makes it sound like a fight.More neutral: criticizes lawmakers over budget delay

Highlights mark words that carry a judgement. Tap one to see why, and what a neutral writer would say. Here it is “criticizes”.

The 5-point spectrum

Far Left
Voices that strongly advocate for progressive policies and systemic change.
Left
Mainstream liberal perspectives focusing on social equality and regulation.
Center
Sources that prioritize neutral reporting and balanced viewpoints.
Right
Mainstream conservative perspectives focusing on market freedom and tradition.
Far Right
Voices that strongly advocate for conservative values and limited government.

How we measure bias

What happened

Key points

Each point shows who reports it, from Far Left to Far Right.

Binance says it has covered about 90% of the $6.3bn in assets stolen in a hack.
Reported byCenter3Right1See the outletsHide the outlets
Center
Sky News, CNBC, BBC News
Right
New York Post
Binance says it has set aside more than $6.34bn in company funds to cover the losses.
One outletBBC News· Center
Binance says it plans to resume withdrawals on Sunday 1 November, subject to security checks.
One side only: the centerReported byCenter2See the outletsHide the outlets
Center
CNBC, BBC News
Two analytics firms say a North Korean state-backed group is the likely culprit.
Reported byCenter1Right1See the outletsHide the outlets
Center
BBC News
Right
New York Post

What is contested

Where accounts differ

Questions the coverage answers differently, and who says what.

Have all users’ losses from the hack been fully covered?
Binance says it has covered about 90% of the stolen assets, with the rest still to be sourced, while the New York Post says the company has fully covered user losses using its reserves.

How each side tells it

Compare views

Every side present reports that Binance says it has covered about 90% of the $6.3bn stolen in the hack. Centre outlets attribute the figure to Binance and note the unfinished 10% and the planned withdrawal restart, while the New York Post states full refunds more flatly.

the left
No coverage yet
No left-leaning outlet that Mantle follows has covered this story yet. That absence is part of the picture.
the center
3 outlets
Centre outlets lead with Binance’s own claim that it has covered about 90% of losses, attributing the figure to the company and noting what remains.
Crypto firm Binance covers 90% of losses after $6.3bn hack
BBC NewsCenterAll center headlines
the right
1 outlet
The New York Post headline states as fact that Binance has already refunded 90% of the stolen funds, with no attribution to the company in the headline.
Binance has already refunded 90% of stolen $6.3 billion
New York PostRightAll right-leaning headlines

The words they chose

Language to notice

Words that carry a judgement beyond the facts. Tap a highlighted word anywhere on the page to see why.

Mantle found no loaded language in this coverage. Every headline and opening was checked against Mantle’s published word list, and Mantle’s AI read all 4 articles in context. Straight reporting often has none.

See for yourself

Side by side

What each side leads with and what it leaves out. Open a side to read its headlines.

From the left

0 outlets

No left-leaning outlet that Mantle follows has covered this story yet. That absence is part of the picture.

From the center

3 outlets

Leads with

Binance’s coverage of losses
the remaining 10% still to be sourced
planned withdrawal restart

See the 3 headlines from the centerHide the headlines

BBC NewsCenter
Crypto firm Binance covers 90% of losses after $6.3bn hack
Two analytics firms say they have robust intelligence pointing to a North Korean state-backed group as the likely culprit.
2 hr agoRead at BBC News (opens in a new tab)
CNBCCenter
Binance says 90% of $6.3 billion hack losses are now covered, plans to resume withdrawals Sunday
Binance says it has restored backing for 90% of assets affected by its $6.3 billion hack and is planning to resume withdrawals, subject to security checks.
3 hr agoRead at CNBC (opens in a new tab)
Sky NewsCenter
Majority of funds stolen in cryptocurrency hack replenished, Binance says
Around 90% of stolen cryptocurrency assets following a hack on a major exchange has been replenished, according to Binance.
4 hr agoRead at Sky News (opens in a new tab)

From the right

1 outlet

Leads with

company reserves used for refunds
North Korean hackers as thieves

Leaves out

timing of the planned withdrawal restart
the remaining 10% still to be covered

Reported by other sides, not found in this side’s coverage.

See the headline from the rightHide the headlines

New York PostRight
Binance has already refunded 90% of stolen $6.3 billion
Binance has refunded 90% of the $6.3 billion stolen by North Korean hackers, using company reserves to fully cover user losses.
2 hr agoRead at New York Post (opens in a new tab)

The stories you read build My Mix, a private picture of which sides cover the stories you choose, kept on this device. What is My Mix?

The left is Far Left and Left together. The right is Right and Far Right together. Every outlet keeps its own five-point rating.

Who reported it when

How the coverage built up

Left
No report yet
From the outlets Mantle follows
Center
First to report
Sky News, Oct 31, 10:39 AM EDT
Right
1 hr 44 min later
Its first report, Oct 31, 12:22 PM EDT

See the order the outlets reported inHide the order

Sky NewsCenterOct 31, 10:39 AM EDT
CNBCCenterOct 31, 12:03 PM EDT
New York PostRightOct 31, 12:22 PM EDT
BBC NewsCenterOct 31, 12:32 PM EDT

Times are the ones the outlets published in their own feeds, in Eastern time. Opinion is left out.

Binance says it has covered 90% of losses from $6.3bn crypto hack

Coverage spectrum

Key points

Where accounts differ

Compare views

the left

the center

the right

Language to notice

Side by side

From the left

From the center

Crypto firm Binance covers 90% of losses after $6.3bn hack

Binance says 90% of $6.3 billion hack losses are now covered, plans to resume withdrawals Sunday

Majority of funds stolen in cryptocurrency hack replenished, Binance says

From the right

Binance has already refunded 90% of stolen $6.3 billion

How the coverage built up

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