Binance resumes withdrawals for some major cryptocurrencies after $6 billion heist

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1. 19h ago

   Binance Resumes Major Crypto Withdrawals Following Record Heist

   Binance is resuming cryptocurrency withdrawals in phases after a cyber heist that saw billions stolen from its digital wallets. The exchange has specifically restarted withdrawals for bitcoin and ether, stating it covered the bulk of the stolen funds. This follows a period of suspension where investors pulled billions in funds. The FBI has attributed the attack to North Korean hackers, identifying the group TraderTraitor as the responsible party. Withdrawals remain subject to ongoing security checks as the exchange restores full service.

   Why it matters

   As the world's largest cryptocurrency exchange, Binance's security breach represents one of the largest thefts in crypto history. The event highlights a broader pattern of multibillion-dollar cyber operations conducted by North Korea to acquire digital assets. This incident caused significant investor instability and immediate liquidity concerns.

   What is confirmed

   • Binance has resumed withdrawals for some major cryptocurrencies, including bitcoin and ether.
   • The FBI attributed the cryptocurrency hack to North Korea.
   • The amount stolen in the heist is reported as $6.3 billion by multiple sources.
   • Binance stated it covered the bulk of the stolen funds.
   • The exchange is resuming withdrawals in phases pending security checks.

   Still unconfirmed

   • The total amount stolen was $6.43 billion.
   • The FBI specifically linked the group TraderTraitor to the heist.

   What to watch next

   • Completion of the phased withdrawal process for all supported assets
   • Official confirmation of the total recovered or covered amount
   • Further FBI reports on the movement of the stolen funds
   Sources used for this update (21)

   1. timesofindia.indiatimes.com — Saudi Arabia Turns To Iran Amid Houthi Strikes, Dealing Trump A Major Gulf Blow? - Times of India Videos
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   3. www.businesstoday.in — 'Indians won't find respect until...': Sridhar Vembu on US mathematician's take on anti India sentiment in US
   4. WSJ — Behind the Scenes of Crypto’s Biggest Nightmare: a Record-Breaking Cyber Heist
   5. The Washington Post — How suspected North Korean hackers swiped billions in crypto in only minutes
   6. NPR — A simple explainer of the massive $6.3 billion crypto heist at Binance
   7. Fox Business — North Korea responsible for $6 billion Binance cryptocurrency hack, FBI says
   8. CBS News — Binance resumes withdrawals for some major cryptocurrencies after $6 billion heist
   9. NBC News — Binance hack spotlights North Korea’s multibillion-dollar crypto theft operation
   10. www.cbsnews.com — Binance resumes withdrawals for some major cryptocurrencies after $6 billion heist
   11. Al Jazeera — Binance restarts withdrawals after $6.3bn heist
   12. The Hacker News — FBI Links North Korea's TraderTraitor to Record $6.43 Billion Binance Crypto Heist
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