TIMES OF INDIA · 2026-11-01 09:41 UTC

Binance resumes Bitcoin withdrawals after $6.3bn hack, says 95% of assets replaced

Binance resumed Bitcoin and Ether withdrawals after a $6.3 billion hack, having replaced 95% of stolen assets using its own funds. The FBI attributed the attack to TraderTraitor, a North Korean state-sponsored cyber unit, though President Trump said the US was not yet certain of North Korea's involvement. Binance covered losses from its corporate treasury, Futures Insurance Fund, and SAFU reserve, committing to replenish SAFU to $1 billion.

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