KHALEEJ TIMES · 2026-11-01 07:07 UTC

Binance to resume withdrawals after covering bulk of stolen $6.3 billion

Binance will resume withdrawals Sunday after covering 95% of the $6.3 billion stolen in what the FBI attributes to North Korean state-sponsored unit TraderTraitor. The exchange used $6 billion from its SAFU reserve, Futures Insurance Fund, and corporate treasury to buy replacement tokens, with the remaining 5% consisting of less liquid assets. FBI observed stolen assets being converted to ether and expects further laundering; President Trump said the US is still uncertain if North Korea was involved.

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