Business
Binance resumes withdrawals after covering 95% of haul
The Hindu BusinessLine·
Binance said it would resume withdrawals in phases after covering 95% of the $6.3 billion in tokens stolen from its platform. Phase one was set between 0600 and 0900 GMT on Sunday for bitcoin, ether, BNB, Solana, XRP, dogecoin and other tokens. The FBI linked the attack to North Korea's TraderTraitor unit. The remaining 5% involves less liquid assets.
Prism
What It Means For You
- Binance users saw withdrawals restart in phases on Sunday after the halt that followed the theft.
- First-wave coins listed included bitcoin, ether, BNB, Solana, XRP and dogecoin.
- Less liquid tokens in the remaining 5% may take longer to restore for withdrawals.
What's Happening
- Binance said it had covered 95% of the $6.3 billion stolen from the platform.
- The FBI named TraderTraitor, a North Korean state-sponsored unit, as responsible.
- Investigators said stolen assets were being converted into ethereum.
How Large the Theft Was
- Reporting described the episode as the world's largest digital-asset heist to date.
- North Korea has long denied using state-linked cyber units for financial theft.
- TraderTraitor was previously linked to a $1.5 billion Bybit hack last year in related FBI accounts.
all-news