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Binance resumes crypto withdrawals after record $6.3 billion hack blamed on North Korea

By ChordNews · First written (new coverage , updated )

Binance resumes crypto withdrawals after major hack blamed on North Korea
Image: france24.com
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Summary

Binance, the world's biggest cryptocurrency exchange, said on Sunday it would resume withdrawals after a suspension caused by a major hack, which the FBI has tied to North Korea. The exchange said it had covered 95% of the $6.3 billion in tokens stolen from its platform, which is described as the world's largest digital heist, and it says it has replenished its losses. Withdrawal requests spiked as the exchange came back online after recovering the bulk of the stolen funds.

This continues an earlier story: Binance investigates suspected record crypto hack as billions in funds are frozen

Timeline

  1. Business Insider

    Source ↗

    Business Insider reports that Binance says it has replenished losses after a record-breaking heist and will soon let users withdraw funds.

  2. France 24

    Source ↗

    France 24 reports that Binance said on Sunday it would resume withdrawals after a suspension due to a major hack, which the FBI has tied to North Korea, and that it covered 95% of the $6.3 billion in tokens stolen.

  3. Seeking Alpha

    Source ↗

    Seeking Alpha reports that Binance will resume crypto withdrawals after the $6.3 billion hack.

  4. Investing.com

    Source ↗

    Investing.com reports that Binance sees a spike in withdrawals as the exchange returns online after recovering the bulk of the $6.3 billion in stolen funds.

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