BUSINESS TIMES SG · 2026-11-01 06:10 UTC

Binance to resume customer withdrawals in phases from Nov 1 after hack

Binance will resume customer withdrawals in phases starting Nov 1, two days after hackers attempted to steal over US$6 billion in the largest crypto theft on record. The FBI attributed the breach to North Korea's TraderTraitor hacking unit, previously responsible for the 2025 Bybit exchange attack. Binance co-CEOs Richard Teng and Yi He stated the exchange can cover all losses through its cryptocurrency investments, with 2026 revenue fully covering the amount lost.

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