Binance resumes withdrawals after covering most of $6.3 billion stolen in heist

Binance resumed bitcoin, ether and some stablecoin withdrawals on Sunday after covering 95% of the $6.3 billion in tokens stolen from its platform, a heist the FBI has tied to North Korea and analysts believe may be the biggest financial robbery ever. The exchange said it used company funds to buy replacement tokens, covering $6 billion of the stolen cryptocurrencies, with the remaining 5% consisting of less liquid assets that may take longer to source. The FBI attributed the attack to the North Korean state-sponsored unit TraderTraitor, which it observed converting stolen assets into ether. Binance has set aside $6.34 billion internally to cover losses, drawing from its Secure Asset Fund for Users, Futures Insurance Fund and corporate treasury, and vowed to replenish the funds. The theft, which unfolded in about 20 minutes, adds to recent crypto crimes, with $2.9 billion stolen across nearly 150 attacks last year.