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● LIVE Updated 55m ago · 10 sources tracked

Binance resumes withdrawals following $6.3 billion hack, says 90% of stolen user assets are covered

Binance has resumed withdrawals after a $6.3 billion hack, with 90% of stolen user assets covered. The cryptocurrency exchange suffered a major breach, but has since restored backing for most affected assets. Withdrawals have restarted in a phased manner. The hack has been linked to North Korea.

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  • ✓ Binance resumed withdrawals following a $6.3 billion hack.
  • ✓ 90% of stolen user assets from the hack are covered.
  • ✓ The hack has been linked to North Korea.
  • ✓ Binance recorded $3.64 billion in net outflows after resuming withdrawals.
🛡️ Source Corroboration: 10 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

Binance has resumed withdrawals after covering 90% of losses from the $6.3 billion hack.

Live updates

  1. Binance Resumes Withdrawals After $6.3 Billion Hack

    Binance has resumed withdrawals after a $6.3 billion hack, with 90% of stolen user assets covered. The cryptocurrency exchange suffered a major breach, but has since restored backing for most affected assets. Withdrawals have restarted in a phased manner. The hack has been linked to North Korea.

    Why it matters

    The hack is one of the largest in cryptocurrency history. Binance, the world's largest cryptocurrency exchange, was affected. The incident has raised concerns about security and regulation in the crypto space. The hack's impact on the broader market is being closely watched.

    What is confirmed

    • Binance resumed withdrawals following a $6.3 billion hack.
    • 90% of stolen user assets from the hack are covered.
    • The hack has been linked to North Korea.
    • Binance recorded $3.64 billion in net outflows after resuming withdrawals.

    What to watch next

    • Further updates on Binance's security measures
    • Investigation into the North Korean connection
    • Impact on cryptocurrency market regulation
    Sources used for this update (11)
    1. WSJ — Behind the Scenes of Crypto’s Biggest Nightmare: a Record-Breaking Cyber Heist
    2. The Washington Post — How suspected North Korean hackers swiped billions in crypto in only minutes
    3. CNBC — Binance says 90% of $6.3 billion hack losses are now covered, plans to resume withdrawals Sunday
    4. Fox Business — North Korea responsible for $6 billion Binance cryptocurrency hack, FBI says
    5. TechCrunch — Binance resumes withdrawals following $6.3 billion breach
    6. CNN — Binance withdrawals resume following $6 billion hack
    7. www.cnbc.com — Binance resumes withdrawals following record $6.3 billion hack
    8. www.theguardian.com — Binance says 90% of losses from $6.3bn hack covered as FBI ...
    9. www.straitstimes.com — Binance resumes bitcoin withdrawals after $6.3 billion hack ...
    10. www.cnbc.com — Binance sees $3.64 billion in net outflows as withdrawals resume
    11. finance.yahoo.com — Binance withdrawals resume following $6 billion hack
    confidence 100%
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