{
  "id": 17634964,
  "title": "Binance resumes customer withdrawals after record $6.3bn hack",
  "url": "https://urgent.news/2026/11/01/binance-resumes-customer-withdrawals-after-record-6-3bn-hack",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-11-01T16:08:49.000Z",
  "source": {
    "name": "City AM",
    "slug": "city-am",
    "url": "https://www.cityam.com/binance-resumes-customer-withdrawals-after-record-6-3bn-hack/"
  },
  "original_language": "en",
  "account": "Binance has resumed allowing customers to withdraw funds from the platform following a record $6.3bn hack. The cryptocurrency exchange had to suspend withdrawals due to the theft that occurred on Thursday. After a phased reopening, Binance first permitted customers holding ethereum, USDT, and USDC tokens on the Ethereum blockchain, as well as some assets on the BNB Smart Chain, to retrieve their funds. Other token holders, including those of dogecoin and solana, were also granted withdrawal access.\n\nThe company explained that the phased approach aimed to restore each network and asset pair carefully, ensuring stability and security before reopening access. Binance prioritized tokens based on user demand, acknowledging that some users might face temporary delays or longer processing times due to traffic volume. The platform reported that it had replenished 90% of the stolen funds, funded by its own revenue and an emergency reserve. The remaining 10%, deemed \"less liquid,\" may take longer to recover, as they are more challenging to convert into cash.\n\nThe FBI attributed the hack to a group of hackers known as TraderTraitor, who are believed to be linked to North Korea's Lazarus Group. This notorious hacking collective has a history of cyberattacks, including a $1.5bn theft of the crypto exchange Bybit in 2025. The FBI urged private entities to block transactions involving addresses used by TraderTraitor to launder the stolen assets.\n\nBinance has committed to reimbursing customers for the stolen assets, emphasizing that the company is dedicated to ensuring users do not bear the financial impact of the attack. The firm is actively collaborating with law enforcement to investigate the breach and is currently rebuilding and retesting its entire infrastructure program.",
  "summary": "Binance has allowed its customer to start withdrawing funds from the platform, as it begins to resume servies after a record $6.3bn hack. The cryptocurrency exchange was hit by the theft on Thursday, forcing it to suspend withdrawals as it raced to fix the platform and investigate how hackers breached the system. Binance began a [...]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 7,
    "also_reported_by": [
      {
        "outlet": "CoinDesk",
        "title": "The $6.3 billion Binance hack paradox: Centralization made the hack possible, but also saved $3 billion",
        "url": "https://urgent.news/2026/10/31/the-6-3-billion-binance-hack-paradox-centralization-made-the-hack",
        "published": "2026-10-31T12:00:00.000Z"
      },
      {
        "outlet": "CNA - Business",
        "title": "Binance says has covered 90% of US$6.3 billion hack losses",
        "url": "https://urgent.news/2026/10/31/binance-says-has-covered-90-of-us-6-3-billion-hack-losses",
        "published": "2026-10-31T21:01:00.000Z"
      },
      {
        "outlet": "South China Morning Post",
        "title": "FBI blames North Korea for stolen billions from Binance in biggest hack in history",
        "url": "https://urgent.news/2026/10/31/fbi-blames-north-korea-for-stolen-billions-from-binance-in-biggest",
        "published": "2026-10-31T23:49:22.000Z"
      },
      {
        "outlet": "France 24 Business",
        "title": "Binance says resuming withdrawals after major hack",
        "url": "https://urgent.news/2026/11/01/binance-says-resuming-withdrawals-after-major-hack-17563851",
        "published": "2026-11-01T07:01:49.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Binance says resuming withdrawals after major hack",
        "url": "https://urgent.news/2026/11/01/binance-says-resuming-withdrawals-after-major-hack",
        "published": "2026-11-01T07:07:52.000Z"
      },
      {
        "outlet": "Bangkok Post",
        "title": "Binance says resuming withdrawals after major hack",
        "url": "https://urgent.news/2026/11/01/binance-says-resuming-withdrawals-after-major-hack-17558901",
        "published": "2026-11-01T07:45:00.000Z"
      }
    ]
  },
  "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."
}