Binance to resume withdrawals after recovering bulk of $6 billion in stolen funds

Binance, the largest cryptocurrency exchange globally, announced it will resume withdrawals in stages following the recovery of 95% of the $6.3 billion worth of tokens stolen from its platform in the world's most significant digital heist. The Federal Bureau of Investigation (FBI) has linked this cybercrime to a North Korean state-sponsored entity known as TraderTraitor.

Withdrawals will commence between 0600 and 0900 GMT on Sunday, encompassing bitcoin, ether, BNB, Solana, XRP, dogecoin, and other tokens. The remaining 5% of stolen tokens, which are less liquid, may take longer to source in the required amounts. Binance disclosed this information on X platform late on Saturday.

The FBI attributed the attack to the North Korean state-sponsored unit, TraderTraitor. Despite North Korea's denials of using state-linked cyber units for espionage, financial theft, and revenue generation, the FBI's statement remains firm. The agency's observation of unit members converting stolen assets into Ethereum and their expectation of further laundering through related technology underscores the severity and complexity of this cybercrime.

The North Korean mission in Geneva and the embassy in China, however, remained unresponsive to requests for comment.