Binance Resumes Withdrawals After $6.3 Billion Hack
The exchange reopens the Bitcoin network as it begins recovery from a breach linked by the FBI to North Korean actors.
Binance has started to resume crypto withdrawals following a hack that resulted in the loss of $6.3 billion. The Bitcoin network was the first to be restored during this initial phase of operational normalization.
The FBI has linked the breach to North Korean agents. The exchange suspended withdrawals last Thursday to contain the damage and conduct security checks. The company stated that it has already replaced 90% of the assets stolen during the incident.
The reopening process is happening gradually to ensure system stability. The priority for restoring networks follows the user demand volume recorded over the past week. Each asset pair undergoes rigorous checks before access is granted once again.
The platform warned that the system may experience slowness or congestion during this transition phase. If a withdrawal attempt fails, the recommendation is to wait a short period before repeating the operation. Information regarding the status of each network is available on the company's official channels.
Instability at major custodial platforms raises the perception of systemic risk and may impact Bitcoin volatility and confidence in the digital asset market.
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