Binance schedules phased withdrawals following $6.3 billion theft
Binance will progressively restore customer withdrawals on Sunday after replenishing 95 per cent of the $6.3 billion in cryptocurrencies stolen during an unprecedented cyberattack on the world’s largest digital asset exchange. The company announced that the first phase would begin between 0600 and 0900 GMT, covering 15 blockchain networks and major cryptocurrencies including bitcoin, ether, BNB,…
Binance announced on Sunday that it would gradually resume customer withdrawals following a $6.3 billion cyberattack on the world's largest digital asset exchange. The company replenished 95% of the stolen cryptocurrencies, mainly bitcoin, ether, BNB, Solana, XRP and dogecoin, across 15 blockchain networks. Additional assets would become available after security checks.
The attack, attributed to North Korean state-sponsored hackers known as TraderTraitor, began on Thursday and involved unauthorized transactions in hot wallets, leading to an emergency suspension of withdrawals. Binance stated that the theft was absorbed without passing losses to customers and pledged to fully replenish the remaining 5% using company resources, futures insurance funds and corporate treasury.
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