France24 Binance Resumes Withdrawals After $6.3 Billion Hack Attributed to North Korea
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- •Binance was hacked on October 29, 2026, resulting in a loss of $6.3 billion.
- •The FBI attributes the breach to North Korean hackers linked to the TraderTraitor group.
- •Binance has resumed withdrawals for 15 cryptocurrencies, covering 95% of the stolen assets.
On October 29, 2026, Binance, the world's largest cryptocurrency exchange, suffered a major security breach resulting in the theft of approximately $6.3 billion from its hot wallets. The FBI has attributed the attack to a North Korean hacking group known as TraderTraitor. Following the incident, Binance temporarily suspended all withdrawals and initiated a phased recovery plan. As of November 1, 2026, Binance has resumed withdrawals for 15 digital currencies, including Bitcoin, Ethereum, and stablecoins USDT and USDC. The exchange reported that it has covered about 95% of the stolen assets using its corporate funds, including its Secure Asset Fund for Users (SAFU). Users may experience delays during the initial rollout due to high traffic. The company has committed to absorbing the financial impact of the breach, ensuring that user funds remain safe.
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