Binance restores bitcoin and ether withdrawals

Binance, the world's largest cryptocurrency exchange, has resumed bitcoin, ether, and certain stablecoin withdrawals after covering 95% of the $6.3 billion in tokens stolen from its platform. The heist, attributed to a North Korean state-sponsored unit known as TraderTraitor by the FBI, is believed to be the largest financial robbery ever.

Binance covered $6 billion of the stolen cryptocurrencies using company money to purchase replacement tokens. The remaining 5% of stolen tokens, which are less liquid, will be recovered in phases. US President Donald Trump stated that the United States was still unsure if North Korea was involved. Binance has been collaborating with industry partners to freeze some of the affected assets, with approximately $3 billion located as of Friday. The exchange has set aside around $6.34 billion in company funds to cover the losses from the hack.