Binance reopens withdrawals after $6.3 billion crypto theft
Binance has reopened some withdrawals after a $6.3 billion theft, while customers have pulled $4.72 billion since service resumed on Sunday.
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Binance has reopened some withdrawals after a $6.3 billion theft, while customers have pulled $4.72 billion since service resumed on Sunday.
3 min read
Binance began reopening crypto withdrawals after a $6.3bn theft, saying it had replaced 95% of the stolen assets and would cover the rest itself.
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Choose a limit order when price matters more than timing; use a pool swap when you need execution now, after checking fees, depth and slippage before you sign.
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The FBI says North Korean hackers stole more than $6 billion from Binance on Oct. 29 and urges crypto services to block wallets tied to laundering.
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Binance estimates a security incident affected about $6.3 billion, says $3 billion is frozen and promises to cover losses while withdrawals remain paused.
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Binance says it has replenished 90% of the $6.3 billion stolen in its hack, while withdrawals remain suspended and a full user-balance proof is still pending.
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Binance says attackers took about $6.3 billion from compromised hot wallets, froze roughly $3 billion and will cover customer losses as it investigates.
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TRM attributes the $6.36 billion Binance theft to North Korea’s TraderTraitor group, while the exchange investigates and partners freeze billions in assets.
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Curve put StableSwap live on Stellar on Oct. 29, its first native deployment beyond EVM chains, with FXSwap held until an audit is complete and pools open to users.
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Binance is investigating a reported security issue after crypto firms froze $2.54 billion; the exchange says customer funds are safe and withdrawals are paused.
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Coinbase added Ripple’s RLUSD on Oct. 28 across three platforms and three networks, giving retail and institutional customers another dollar token to trade and transfer.
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The OCC’s new GENIUS Act rule keeps exchanges able to offer stablecoin rewards case by case, while issuers remain barred from paying holders interest.
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