Binance resumes Bitcoin, Ether withdrawals after $6.3 billion crypto hack linked to North Korea
Binance resumes Bitcoin and Ether withdrawals after a $6.3 billion crypto hack linked by the FBI to North Korea, covering 95% of the stolen funds.
Binance, the world's largest cryptocurrency exchange, has resumed withdrawals of Bitcoin, Ether, and selected stablecoins following a recent $6.3 billion crypto hack. The theft, believed to be orchestrated by a North Korean state-sponsored hacking group called TraderTraitor, prompted Binance to cover around 95% of the losses using its own funds.
The exchange restored withdrawals for 15 cryptocurrencies, including Bitcoin, Ether, XRP, and Dogecoin, in the first phase. The remaining 5% of affected cryptocurrencies will be withdrawn in subsequent phases due to their lower liquidity. Binance has also identified $3 billion worth of affected assets, and the company has set aside $6.34 billion to cover the financial impact of the hack.
Written by urgent.news from Hindustan Times - World News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Binance to resume withdrawals after covering bulk of stolen $6.3bn dawn.com
- Binance to resume withdrawals after covering 95% of $6.3bn crypto heist thenationalnews.com
- FBI links record $6.3 billion Binance crypto theft to North Korea investing.com
- Binance to resume withdrawals after recovering 95% of stolen funds dailytimes.com.pk
- FBI Attributes $6.3 Billion Crypto Theft to N. Korea world.kbs.co.kr
