Binance says it has replaced most assets stolen in $6.3 billion hack

Business · First reported 1 Nov, 04:41 · Updated 05:31

Image: Wikimedia Commons · Francis Matahum · CC BY-SA 4.0

Binance says it has secured 90% of the stolen assets, while another report puts recovery at 95%. The exchange says it plans to restart withdrawals in phases on Sunday; the FBI attributes the attack to a North Korean hacking unit, while President Donald Trump says investigators have not established North Korea’s involvement.

Binance reported that 90% of the affected assets were backed and said it would replace the remainder; the other report said 95% had been secured, with less-liquid tokens still to source.
Binance said it would resume withdrawals on Sunday, subject to final operational checks; the other report said withdrawals would restart in phases, with the first phase scheduled for 0600–0900 GMT.
The FBI identified the hacking group as TraderTraitor, while Trump said investigators were still examining whether North Korea was involved.

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Key facts

Reported theft: $6.3 billion in digital assets.
Recovery figures: Binance said 90% was covered; the other report said 95% had been secured.
Withdrawal plan: Binance planned to restart withdrawals Sunday; the first phase was reported for 0600–0900 GMT.
FBI attribution: The FBI identified TraderTraitor as responsible for the attack.
Potentially frozen assets: Around $3 billion had potentially been identified and frozen across multiple exchanges; authorities had not confirmed whether they could be recovered.