WSJ · 2026-11-02 12:35 UTC

The Morning Risk Report: Binance Resumes Withdrawals After Suffering Biggest-Ever Crypto Hack

Binance resumed withdrawals after a $6.3 billion hack attributed to North Korea's TraderTraitor group, which breached a Binance engineer's laptop and other systems. The exchange has replaced 95% of stolen assets and covered losses with company funds, with $3.64 billion in net outflows occurring within 9.5 hours of reopening withdrawals. Binance said it will absorb the financial impact and plans to repay itself from $3 billion in frozen funds once released, with a post-incident report to follow after investigation completion.

Loading the story on Tree News…