Binance resumes withdrawals after record $6.34 billion hack

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Binance resumed withdrawals on Sunday after a hack that affected over $6 billion in funds, with the first phase reopening the Bitcoin network. The world's largest crypto exchange suspended withdrawals following the attack, which it said was the biggest-ever crypto heist. Binance set aside $6.34 billion in company funds to cover losses, assuring users their funds remain safe. The FBI accused North Korea of being behind the attack, linking it to a Pyongyang-affiliated group called TraderTraitor. The hack caused major cryptocurrency prices to fall sharply on Friday and prompted rival exchanges to tighten security.


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