THE NATIONAL · 2026-11-01 05:35 UTC

Binance to resume withdrawals after covering 95% of $6.3bn crypto heist

Binance will resume cryptocurrency withdrawals in phases starting Sunday after covering 95% of the $6.3 billion stolen in a cyberattack attributed by the FBI to North Korean state-sponsored hackers. The exchange will absorb the financial losses rather than passing them to customers, with the remaining 5% of stolen tokens consisting of less liquid assets. Withdrawals were temporarily suspended as a precaution while Binance completed security assessments and verified the readiness of affected services.

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