Binance Restores Withdrawals After Record $6.3 Billion Cryptocurrency Theft
Following a $6.3 billion attack, Binance has reopened withdrawals, though they remain unavailable for some less common assets. The exchange has recovered 95% of the stolen funds.
03 Nov, 15:13Read in Russian
The exchange claims to have compensated for 95% of the stolen cryptocurrency. Operations with low-liquidity tokens are still restricted, as acquiring them may take more time. Binance has engaged industry partners to recover the remaining funds.
The attack is being investigated by TRM Labs and the FBI. According to their findings, the group behind it is TraderTraitor—a collective linked to North Korea. The FBI also attributes to them the theft of $1.5 billion from Bybit in February 2025 and $387 million from Bitget in September.
