GoKawiilBinance restarts phased withdrawals after $6.3B hack, covers 95% of losses
Binance said it has begun resuming withdrawals in phases by network and asset type after freezing all deposits and withdrawals following a $6.3 billion theft from its wallets. The exchange said it has now covered 95% of the stolen funds and is still sourcing less liquid assets to cover the rest, pledging to absorb all losses itself rather than pass them to users. The FBI has attributed the breach to the North Korean hacking group TraderTraitor.