KHALEEJ TIMES · 2026-11-01 10:33 UTC

Binance resumes bitcoin, ether withdrawals after covering bulk of stolen $6.3 billion

Binance resumed bitcoin and ether withdrawals after covering 95% of the $6.3 billion stolen in a hack the FBI attributed to North Korean state-sponsored unit TraderTraitor. Binance spent $6 billion buying replacement tokens using funds from its SAFU reserve, Futures Insurance Fund, and corporate treasury to cover losses. The theft occurred over approximately 20 minutes and involved a compromised laptop and malicious software; about $3 billion of stolen assets have been located and frozen.

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