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Binance Resumes Withdrawals After $6.3B Hack Linked to North Korea

First seen 1 Nov 2026, 09:47 UTC • •77.0

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ThreatCluster •November 1, 2026 at 11:15 UTC

•Binance resumed withdrawals on November 1, 2026, after a $6.3 billion hack.
•The FBI has linked the attack to a North Korean group, TraderTraitor.
•Binance has covered 90% of the stolen funds and is prioritizing withdrawals based on user demand.

On November 1, 2026, Binance announced the resumption of withdrawals following a major hack that resulted in the theft of over $6 billion. The FBI attributed the attack to a North Korean group known as TraderTraitor, which allegedly converted stolen assets into Ethereum. Binance temporarily halted withdrawals on October 29, 2026, to assess the damage and secure the platform. The exchange has committed to covering the losses, ensuring user funds remain safe. Phase one of the withdrawal process began with Bitcoin and will include other tokens based on user demand. Binance has reportedly replenished approximately 90% of the stolen assets. Users may experience delays during the phased rollout as services are restored. The incident has caused significant market fluctuations, impacting cryptocurrency prices.

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Timeline

2026-10-29

Hack disclosed

Binance suspended withdrawals after a major hack resulting in over $6 billion stolen. The FBI attributed the attack to North Korean operatives.

France24

2026-11-01

Withdrawals resume

Binance began phase one of withdrawals, starting with Bitcoin and gradually restoring access to other tokens.

Cointelegraph

2026-11-01

FBI attributes hack to North Korea

The FBI confirmed that North Korean group TraderTraitor was responsible for the theft, urging entities to block transactions linked to the stolen assets.

France24