Binance resumed bitcoin, ether, and select stablecoin withdrawals on Sunday following a major cyberattack that resulted in the theft of $6.3 billion in tokens, Reuters reported via Dubai Eye 103.8. The exchange stated that withdrawals for other digital assets would resume in phases after covering 95 per cent of the stolen funds.
According to the platform, bitcoin withdrawals restarted shortly after 0600 GMT, alongside services for ether, BNB, and certain USDT and USDC stablecoins. Binance, which was founded in China, said the initial reopening phase covers 15 crypto assets, including bitcoin, ether, XRP, and dogecoin.
Binance stated that it utilized company money to purchase $6 billion worth of replacement tokens to absorb customer losses, having set aside approximately $6.34 billion internally. The exchange noted that the remaining 5 per cent of stolen tokens comprises less liquid assets that may require more time to source in the needed amounts.
The Federal Bureau of Investigation identified the North Korean state-sponsored hacking unit known as TraderTraitor as responsible for the attack. Binance added that it has been collaborating with industry partners to freeze affected funds, with roughly $3 billion located as of Friday.
Analysts cited in the report stated that the incident may be the largest financial robbery ever recorded. According to researchers at TRM Labs, attackers stole $2.9 billion worth of cryptocurrency across nearly 150 separate attacks last year.
Sources
- Dubai Eye 103.8 · 2026-11-01
