Binance resumes withdrawals after $6.3 billion cyber theft
In short
Binance reopened customer withdrawals after a $6.3 billion cyber theft. It said Sunday’s net outflow was $3.64 billion, and it has already replenished 90% of the stolen funds.
This matters because users can start moving money again, but some assets are still missing. The report says the remaining gap is less than 10%, and it may take longer to replace.
What the reporting says
Binance resumed customer withdrawals after a $6.3 billion cyber theft and said it had a $3.64 billion net outflow on Sunday. The exchange said it will cover the losses and has replenished 90% of the stolen funds, while the FBI attributed the attack to the North Korean hacking group TraderTraitor. The remaining shortfall is under 10% and is said to involve less liquid assets, but the exact recovery timeline is not stated.
Why it matters
Binance said it resumed withdrawals after a cyber theft of $6.3 billion and reported a $3.64 billion net outflow on Sunday. The company said it will cover the losses and has restored 90% of the stolen funds, while the FBI linked the attack to the North Korean group TraderTraitor. The remaining shortfall is described as less than 10% and tied to less liquid assets.