{
  "id": 17601166,
  "title": "Binance resumes withdrawals after $6bn crypto hack",
  "url": "https://urgent.news/2026/11/01/binance-resumes-withdrawals-after-6bn-crypto-hack",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-01T13:04:52.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/binance-resumes-withdrawals-after-6bn-crypto-hack/"
  },
  "original_language": "en",
  "account": null,
  "summary": "Binance has resumed withdrawals in phases following a cyberattack on October 29 that resulted in the theft of over $6 billion in cryptocurrency. The exchange, which is the world's largest by daily trading volume, had suspended withdrawals after the hack. According to Hindustan Times - World News, the first phase of restored withdrawals included 15 cryptocurrencies such as Bitcoin, Ether, XRP, Dogecoin, BNB, and some stablecoins like USDT and USDC. CBS News reported that as of 5 a.m. Eastern Time, restored withdrawals also included Base and Optimism.\n\nThe FBI accused North Korea of being behind the attack, identifying the perpetrators as a group known as TraderTraitor. BBC Business reported that analytics firms had previously pointed to the North Korean state-backed Lazarus Group as the likely culprits. The FBI stated that the hackers have been observed converting stolen assets primarily into Ethereum to be further laundered via decentralized finance and instant swap services.\n\nBinance has worked to replenish the stolen assets using its own company funds. Hindustan Times - World News reported that the exchange has covered approximately 95% of the $6.3 billion stolen, noting that the remaining 5% consists of less liquid assets that are harder to source in large quantities. BBC Business stated the company has covered 90% and has set aside more than $6.34 billion in funds to cover the losses, with a pledge to eventually cover 100%.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 9,
    "also_reported_by": [
      {
        "outlet": "CNA - Business",
        "title": "Crypto exchanges call for quick moves to bolster defenses after Binance heist",
        "url": "https://urgent.news/2026/10/31/crypto-exchanges-call-for-quick-moves-to-bolster-defenses-after",
        "published": "2026-10-31T00:26:58.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Crypto exchanges call for quick moves to bolster defenses after Binance heist",
        "url": "https://urgent.news/2026/10/31/crypto-exchanges-call-for-quick-moves-to-bolster-defenses-after-17367506",
        "published": "2026-10-31T00:30:40.000Z"
      },
      {
        "outlet": "Japan Times",
        "title": "Crypto exchanges call for quick moves to bolster defenses after Binance heist",
        "url": "https://urgent.news/2026/10/31/crypto-exchanges-call-for-quick-moves-to-bolster-defenses-after-17359091",
        "published": "2026-10-31T02:47:00.000Z"
      },
      {
        "outlet": "The Jakarta Post",
        "title": "Crypto exchanges call for quick moves to bolster defenses after Binance heist",
        "url": "https://urgent.news/2026/10/31/crypto-exchanges-call-for-quick-moves-to-bolster-defenses-after-17343627",
        "published": "2026-10-31T05:12:12.000Z"
      },
      {
        "outlet": "Times of India",
        "title": "‘Binance will absorb impact, not users’: Crypto giant sets aside $6.34 bn to cover losses",
        "url": "https://urgent.news/2026/10/31/binance-will-absorb-impact-not-users-crypto-giant-sets-aside-6-34-bn",
        "published": "2026-10-31T10:39:09.000Z"
      },
      {
        "outlet": "GBC Ghana",
        "title": "Crypto giant Binance races to recover $6.3bn stolen in hack linked to North Korea",
        "url": "https://urgent.news/2026/10/31/crypto-giant-binance-races-to-recover-6-3bn-stolen-in-hack-linked-to",
        "published": "2026-10-31T16:35:07.000Z"
      },
      {
        "outlet": "Bangkok Post",
        "title": "FBI says North Korea behind $6 billion crypto theft from Binance",
        "url": "https://urgent.news/2026/11/01/fbi-says-north-korea-behind-6-billion-crypto-theft-from-binance",
        "published": "2026-11-01T00:45:00.000Z"
      },
      {
        "outlet": "Dawn",
        "title": "Binance says it has covered $6bn of $6.3bn stolen in hack; FBI says North Korean group behind crypto theft",
        "url": "https://urgent.news/2026/11/01/binance-says-it-has-covered-6bn-of-6-3bn-stolen-in-hack-fbi-says",
        "published": "2026-11-01T06:05:14.000Z"
      }
    ]
  },
  "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."
}