FT · 2026-11-01 09:39 UTC

Binance restarts customer withdrawals after $6.3bn heist

Binance resumed phased customer withdrawals after a $6.3bn hack blamed on North Korea-linked group TraderTraitor, starting with Ethereum, USDT, USDC tokens and BNB Smart Chain assets. Initial investigation found a compromised engineer's laptop, with additional breach points discovered; Binance will reimburse stolen assets using 95% from its own funds and emergency reserves. FBI confirmed TraderTraitor's involvement; Binance is rebuilding infrastructure and conducting full security review while working with law enforcement and blockchain analytics firms.

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