Binance to resume withdrawals after $6 billion hack attempt

hindustantimes.com —

Binance will resume withdrawals in phases on Sunday after hackers attempted to steal over $6 billion, the largest cyber theft ever recorded, with the exchange pledging to cover all losses. The FBI attributed the attack to North Korea’s TraderTraitor unit, which was also linked to a 2025 Bybit hack. Binance halted transactions Friday morning in Asia, and phase one of withdrawals begins from 2 p.m. to 5 p.m. Singapore time. Major cryptocurrency prices remained relatively steady, with Bitcoin trading around $77,700, about 1.4% below pre-attack levels. Binance co-CEOs Richard Teng and Yi He said revenue investments and this year’s earnings would fully cover the losses.


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