Binance covers 90% of $6.3B hack losses, restores withdrawals

Binance has secured over 90% of the funds needed to cover losses from a $6.3 billion hack, setting aside company money to fully reimburse affected users. The world's largest crypto exchange stated the remaining 10% of stolen tokens are less liquid, potentially taking longer to source. Binance suspended withdrawals after the incident but said they would resume Sunday, with investigators linking the attack to North Korean hackers. Major cryptocurrency prices fell on the news. The hack has raised concerns about AI's potential to compromise security protocols, while President Trump said the US is investigating and the FBI is engaged with partners on the matter.