Binance says phase one of withdrawals opens after $6.3B hack
The crypto exchange said it has begun phased withdrawals after the record hack the FBI has blamed on North Korea.
Crypto exchange Binance has resumed phased withdrawals following a $6.3 billion hack that the FBI attributes to North Korean operatives. The Bitcoin network was reopened as the first stage of the withdrawal restoration, according to Binance. The exchange had previously suspended user withdrawals following the attack on Thursday.
Binance will prioritize tokens based on user demand throughout the phased approach, ensuring careful restoration of each network and asset pair with stability and security checks completed before access is reopened. Users must verify the availability of their selected asset and network through the withdrawal page or the Binance network status page.
The company anticipates some congestion, longer processing times, and possible temporary delays during the rollout. If a withdrawal is unsuccessful, users are advised to attempt it again after a short period.
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