BLOOMBERG · 2026-11-01 05:07 UTC

Binance to Resume Customer Withdrawals in Phases After Hack

Binance halted withdrawals Friday after hackers attempted to steal over $6 billion, the largest crypto theft on record; the FBI attributed the breach to North Korean hacking unit TraderTraitor. Binance will resume customer withdrawals in phases starting Sunday, with phase one from 2-5 p.m. Singapore time. Co-CEOs Richard Teng and Yi He stated Binance can cover all losses through its cryptocurrency investments and 2024 revenue.

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