Binance withdrawals resume following $6 billion hack

Live updates

1. 4h ago

   Binance Resumes Withdrawals After $6.3 Billion Cyber Heist

   Binance has restored phased withdrawals for bitcoin and ether after a record $6.3 billion cyber attack drained its digital wallets. The cryptocurrency exchange stated it has covered the bulk of the stolen funds, restoring backing for 90% of affected assets. Platform users rushed to pull their capital, processing approximately $4.7 billion in withdrawals on Sunday alone. The FBI attributes the massive security breach to North Korea, continuing a pattern of state-sponsored crypto thefts targeting major international financial institutions.

   Why it matters

   The incident represents the largest cyber heist in cryptocurrency history, testing the liquidity and operational resilience of the world's largest digital asset exchange. Authorities and security analysts link the operation to North Korean threat actors, highlighting ongoing vulnerabilities in global crypto infrastructure. The rapid resumption of services aims to restore market confidence following a catastrophic loss of virtual assets.

   What is confirmed

   • Binance resumed phased withdrawals for bitcoin and ether after a record $6.3 billion hack.
   • Binance stated it restored backing for 90% of assets affected by the breach.
   • The FBI stated that North Korea is responsible for the cryptocurrency hack.
   • Users withdrew around $4.7 billion on Sunday following the incident.

   Still unconfirmed

   • A Binance cofounder criticized Elon Musk for trolling on social media following the multi-billion dollar breach.

   What to watch next

   • Full restoration of all withdrawal channels and unaffected token types across the platform.
   • Official law enforcement findings detailing the exact intrusion vector used by hackers.
   Sources used for this update (16)

   1. www.investing.com — Investing.com - Stock Market Quotes & Financial News
   2. kuwaittimes.com — Kuwait Times Newspaper - The Leading Independent Daily Kuwait News
   3. www.cnbc.com — Oil today: Iran, US, crude, wti, brent, trump
   4. techxplore.com — A timeline of developments in AI safety since the attack on Hugging Face
   5. tribune.com.pk — Houthis say they attacked East-West oil pumping stations; no Saudi confirmation
   6. WSJ — Behind the Scenes of Crypto’s Biggest Nightmare: a Record-Breaking Cyber Heist
   7. Forbes — Binance Cofounder Tells Musk It’s A ‘Bad Time To Troll’ After $6.3 Billion Crypto Hack
   8. The Washington Post — How suspected North Korean hackers swiped billions in crypto in only minutes
   9. Fox Business — North Korea responsible for $6 billion Binance cryptocurrency hack, FBI says
   10. Reuters — Binance resumes bitcoin, ether withdrawals after covering bulk of stolen $6.3 billion
   11. CNN — Binance withdrawals resume following $6 billion hack
   12. Forbes — From Bangladesh Bank To Binance: The North Korean Cybercrime Wave
   confidence 95%