Binance to resume withdrawals after covering 95% of $6.3bn crypto heist
Binance , the world’s largest cryptocurrency exchange, is preparing to resume cryptocurrency withdrawals in phases after covering 95 per cent of the $6.3 billion in tokens stolen in what has been described as the world’s largest digital heist . The first phase of withdrawals is scheduled to begin between 6am and 9am GMT on Sunday, covering Bitcoin , ether, BNB, Solana, XRP, dogecoin and other…
Binance, the world's largest cryptocurrency exchange, has announced it will resume cryptocurrency withdrawals in phases after covering 95% of the $6.3 billion in stolen tokens. The first withdrawals will begin between 6 am and 9 am GMT on Sunday, covering Bitcoin, ether, BNB, Solana, XRP, Dogecoin, and other digital assets. The remaining 5% of stolen tokens, which consist of less liquid assets, may take longer to source.
Binance's post on X stated that security teams have taken precautionary measures, conducted assessments, and verified the readiness of affected services. Deposit services remain unaffected by the incident, and Binance has absorbed the financial impact of the stolen funds. The FBI has attributed the attack to a North Korean state-sponsored hacking unit, with members converting the stolen assets into ether.
Binance emphasized that user funds remain safe, despite its history of high-profile hacks, such as the 2014 Mt Gox collapse and the 2022 FTX implosion.
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Also reported by 4 other outlets
- 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
- FBI Attributes $6.3 Billion Crypto Theft to N. Korea world.kbs.co.kr
