FORBES · 2026-11-01 12:56 UTC

Binance Reopens Withdrawals, Says Company Cash Covered 95% Of Hack

Binance restarted bitcoin withdrawals less than three days after a $6.3 billion hack, the largest crypto heist to date attributed to North Korea's TraderTraitor unit. The exchange says it has covered 95% of the stolen amount using its Secure Asset Fund for Users, Futures Insurance Fund, and corporate treasury, with balances in major tokens fully backed. Attackers are actively laundering stolen assets through ether and THORChain; Elliptic estimates they still hold about $3.3 billion including 18,270 BTC.

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