Binance resumes withdrawals after record $6.3 billion hack

cnn.com —

Binance has resumed withdrawals after a record $6.3 billion was stolen from its digital wallets last week, with the exchange absorbing the financial impact for users. The company restarted withdrawals for 15 digital currencies, including Bitcoin, Solana, and Ethereum, as of Sunday morning. Binance processed about $4.6 billion in withdrawals and $1 billion in deposits, while warning some users may face delays. The FBI attributed the theft to TraderTraitor, cyber actors sponsored by North Korea. Binance covered 95% of losses using reserve funds and treasury, while industry partners froze about $3 billion of stolen assets.


With a significance score of 2.6, this news ranks in the top 13% of today's 31303 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers: