BUSINESS TIMES SG · 2026-11-15 07:21 UTC

Binance targets full reopening of withdrawals by next week following largest-ever crypto hack

Binance said it aims to reopen withdrawals for all remaining networks and assets by the end of next week, after reopening withdrawals for 87 networks this week. Binance covered 95 per cent of the $6.3 billion in tokens stolen in an October 29 hack, which the FBI and Binance attribute to North Korea; Pyongyang denies this. Binance's finance chief Kaiser Ng left the company just over a week after the heist and was replaced by Justin Yek.

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