Binance resumes withdrawals following $6.3 billion breach
Cryptocurrency exchange Binance has begun a phased resumption of withdrawals following a massive $6.3 billion security breach. The company has committed to covering all user losses while continuing its investigation into the incident, which has been linked to North Korean hackers.
Why it matters
This incident represents one of the largest crypto thefts in history, raising significant questions about the security of centralized digital asset exchanges.
Cryptocurrency exchange Binance announced early on Sunday that it would begin allowing withdrawals in a phased process.
The company froze all deposits and withdrawals after hackers stole $6.3 billion worth of crypto from Binance wallets. In its latest update , Binance said it has now covered 95% of the stolen assets, and it’s still working to buy the “remaining affected assets,” which are “less liquid in the market and take longer time to source at the required scale.”
“Our commitment remains unchanged: Binance will bear the financial impact of the stolen funds,” the company added. “These losses will not be passed on to users.”
Headlinne story · 8 newsrooms
Binance Resumes Crypto Withdrawals After Record Billion Dollar Hack
What every outlet reported, where they differ, and how each framed it →
Also covering this story
19 other newsrooms covered this event. We read each version separately.
Binance resumes withdrawals after $6bn crypto hack
FBI blames North Korea for stolen billions from Binance in biggest hack in history
Crypto firm Binance covers 90% of losses after $6.3bn hack
"Bad Time To Troll": Binance Co-Founder Calls Out Musk Over Crypto Heist Jabs
Crypto firm Binance covers 90% of losses after $6.3bn hack
FBI blames North Korea for stolen billions from Binance in biggest hack in history - AP News
Binance crypto heist: North Korea’s TraderTraitor hackers
What to know about the $6.3B hack on Binance, likely the biggest-ever crypto theft
The $6.3 billion Binance hack paradox: Centralization made the hack possible, but also saved $3 billion
How suspected North Korean hackers swiped billions in crypto in only minutes - The Washington Post
FBI blames North Korea for record $6.3bn crypto heist from Binance
‘Binance will absorb impact, not users’: Crypto giant sets aside $6.34 bn to cover losses
Binance resumes withdrawals for some major cryptocurrencies after $6 billion heist
Binance says 90% of losses from $6.3bn hack covered as FBI says North Korea behind attack
Binance says billions replaced from hack that FBI blames on North Korea
FBI says North Korea stole more than USD 6 billion from Binance as withdrawals start to reopen
Binance says has covered 90% of $6.3 billion hack losses
North Korea linked to massive Binance crypto heist
A simple explainer of the massive $6.3 billion crypto heist at Binance
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in