Binance to resume withdrawals after recovering 95% of $6.3 billion crypto theft
Binance is resuming withdrawals after recovering 95% of $6.3 billion in stolen assets from a massive cyber heist. The FBI has linked the attack to the North Korean state-sponsored hacking group TraderTraitor.
Why it matters
This represents the largest cryptocurrency theft in history, highlighting significant security vulnerabilities in DeFi platforms and the ongoing threat of state-sponsored cyber warfare.
Binance, the world's largest cryptocurrency exchange, has said it will resume withdrawals in phases after securing 95% of the $6.3 billion in digital assets stolen from its platform in what is being described as the world's largest cryptocurrency heist.The first phase of withdrawals will begin between 0600 and 0900 GMT on Sunday and cover bitcoin, ether, BNB, Solana, XRP, dogecoin and several other tokens, Reuters reported.The exchange said the remaining 5% of the stolen assets comprised less liquid tokens that could take longer to source in the required quantities.Binance announced the update in a post on X late on Saturday.The Federal Bureau of Investigation (FBI) has attributed the cyberattack to TraderTraitor, a North Korean state-sponsored hacking unit.The bureau said on Saturday that members of the group had been observed converting the stolen assets into Ethereum.FBI links crypto heist to North Korean hacking unitIn a statement, the FBI identified TraderTraitor as…
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Binance Resumes Withdrawals After Hackers Steal Billions in Crypto
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