Binance Plans to Restore Full Withdrawals Next Week

Binance announced plans to enable all withdrawal operations for remaining assets and networks by the end of next week. This measure follows a security breach last month that resulted in the theft of 6.3 billion dollars.

The normalization process is taking place gradually. The company has already enabled withdrawals across 87 different networks in recent days. The goal is to complete the full restoration of withdrawal services for users soon.

The exchange has successfully replaced 95% of the total amount stolen from the platform. The incident is considered the largest digital asset theft in the history of the sector. U.S. authorities and the company itself point to the involvement of groups linked to North Korea, although the country denies the accusations.

The attack began with intrusions in June and peaked on October 29. The event raised concerns about the security of digital assets and the company's ability to honor promised refunds to customers. The firm remains in an internal restructuring process following the incident.

There was a change in the organization's financial leadership shortly after the breach. Kaiser Ng left the position after five years of work and was replaced by Justin Yek. The new executive has previous experience in corporate finance.