{
  "id": 17556691,
  "title": "Binance resumes bitcoin withdrawals after covering bulk of stolen US$6.3 billion",
  "url": "https://urgent.news/2026/11/01/binance-resumes-bitcoin-withdrawals-after-covering-bulk-of-stolen-us",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-01T07:36:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/binance-resumes-bitcoin-withdrawals-after-covering-bulk-of-stolen-us6-3-billion"
  },
  "original_language": "en",
  "account": "Binance, the world's largest cryptocurrency exchange, resumed bitcoin withdrawals on November 1, with additional withdrawals expected to follow in stages. The exchange covered 95% of the US$6.3 billion (S$8 billion) in stolen tokens from its platform, marking the largest digital heist in history. The FBI attributes the heist to a North Korean state-sponsored unit called TraderTraitor, though Pyongyang has denied involvement. By using company funds to buy replacement tokens, Binance managed to cover US$6 billion of the stolen assets, with the remaining 5% consisting of less liquid assets. The exchange has set aside around US$6.34 billion of company funds to cover the losses, utilizing its Secure Asset Fund for Users (SAFU), Futures Insurance Fund, and corporate treasury. Crypto prices experienced a decline following the incident, and Binance reassured customers of the safety of their funds.",
  "summary": "The FBI said North Korea’s TraderTraitor carried out the attack, as officials warned of more laundering.",
  "key_points": [
    "Binance resumed bitcoin withdrawals on November 1",
    "Covered 95% of US$6.3 billion stolen tokens",
    "Set aside US$6.34 billion to cover losses"
  ],
  "editors_take": "Binance leveraging its internal insurance funds and corporate treasury to replace stolen assets signals a massive financial commitment to maintaining platform liquidity and user trust after a historic heist.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}