FORBES · 2026-10-30 20:52 UTC

Binance Says It Plans To Resume Withdrawals This Weekend After $6.3 Billion Hack

Binance suffered a $6.3 billion hack, the largest cryptocurrency theft on record, with preliminary investigation suggesting a compromised engineer's laptop enabled unauthorized withdrawals. The exchange plans to resume withdrawals within 34 hours and said it will cover all losses using its SAFU fund; blockchain partners froze about $3 billion in affected assets. Blockchain intelligence firms TRM Labs and Pangolin Intelligence linked the breach to North Korea's TraderTraitor hacking group with high confidence.

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