Binance to resume withdrawals after recovering 95% of $6.3 billion crypto theft
Binance has announced a phased resumption of cryptocurrency withdrawals following a significant heist of $6.3 billion. The exchange reported it has recovered 95% of the stolen digital assets, enabling this process. The remaining 5% consists of less liquid tokens, which may require additional time to source. The FBI is investigating the cyberattack, linking it to a North Korean hacking group named…
Binance, the world's largest cryptocurrency exchange, will resume withdrawals in phases after recovering 95% of the $6.3 billion in digital assets stolen in a significant heist. The first phase of withdrawals will begin on Sunday between 0600 and 0900 GMT and will cover popular tokens like bitcoin, ether, BNB, Solana, XRP, dogecoin, and several others.
The remaining 5% of the stolen assets consist of less liquid tokens that are expected to take longer to source. The FBI has attributed the cyberattack to a North Korean state-sponsored hacking unit called TraderTraitor, who is suspected of converting the stolen assets into Ethereum and plans to launder the money through decentralized finance platforms and instant swap services.
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