Binance says 90% of $6.3 billion hack losses are now covered, plans to resume withdrawals Sunday
- Binance, the world’s largest cryptocurrency exchange, resumed withdrawals on Sunday following a $6.3 billion cryptocurrency theft.
- The company said it had covered approximately 95% of the stolen funds, using company resources to purchase replacement tokens.
- Withdrawals for Bitcoin, Ether, BNB, XRP, Dogecoin and other cryptocurrencies are being restored in phases.
- The FBI attributed the attack to North Korea’s state-sponsored hacking group, TraderTraitor, and said the stolen assets were being converted into other cryptocurrencies.
- Binance said the remaining 5% consists of less liquid assets that may take longer to replace and reaffirmed its commitment to cover the financial losses.
403 Articles
403 Articles
Binance resumes Bitcoin withdrawals following record US$6.3b crypto hack
WASHINGTON, Nov 1 — Binance said today that it had resumed withdrawals after a major hack that affected more than US$6 billion (RM24.3 billion) in funds.Binance, which is the...
Binance says withdrawals begin
Binance said it has reopened its Bitcoin network in phase one of resuming withdrawals after a major hack of about $6.3 billion in funds. The crypto exchange had suspended user withdrawals after the attack on Thursday, which the FBI blamed on North Korean operatives. “First batch network now opened in phase one of withdrawals is […]
Coverage Details
Bias Distribution
- 41% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium





































