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Binance targets full reopening of withdrawals by next week
Binance said it has reopened withdrawals for 87 networks and plans to restore access for all remaining assets after covering 95% of stolen tokens.
- Binance aims to reopen withdrawals for all remaining networks and assets by the end of next week, as operations normalize for the world's biggest cryptocurrency exchange following a major security breach last month.
- A multi-stage attack that began in June culminated in the theft of $6.3 billion on October 29, with investigators linking the breach to a North Korean group known as "TraderTraitor".
- Earlier this month, the exchange resumed withdrawals in phases after covering 95 per cent of the stolen tokens, with 87 networks reopened for users this week.
- Finance chief Kaiser departed the company to pursue new ventures following the heist, replaced by longtime finance executive Justin Yek, previously vice-president of finance at Airwallex.
- While The FBI and Binance attribute the attack to North Korea, Pyongyang has denied involvement; the incident highlights digital asset vulnerabilities, though Binance vowed to repay customers in full.
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Binance targets full reopening of withdrawals by next week
Binance said on Saturday that it aims to reopen withdrawals for all remaining networks and assets by the end of next week, as operations normalise for the world's biggest cryptocurrency exchange after a security breach linked to North Korea saw $6.3 billion stolen from the platform last month.
·London, United Kingdom
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Coverage Details
Total News Sources7
Leaning Left0Leaning Right2Center3Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
C 60%
R 40%
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