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

Key Points:

• Binance has resumed withdrawals for major cryptocurrencies including Bitcoin and Ethereum after a hacking attack that resulted in the theft of over $6 billion in assets from the exchange.
• The company, the world's largest crypto exchange by daily trading volume, suspended withdrawals immediately after the hack but began phased restoration starting Sunday, covering Bitcoin, Ethereum, BNB, XRP, Base, Doge, and Optimism.
• Binance pledged to cover 90% of the losses using company funds to buy tokens and replenish stolen assets, aiming to restore user confidence following the sharp price declines triggered by the heist.
• The FBI has attributed the hack to North Korea, specifically a Pyongyang-affiliated group called TraderTraitor, which has a history of large-scale crypto thefts, including a $1.5 billion heist from Bybit in 2025.
• Authorities warn that TraderTraitor actors are laundering the stolen assets through Ethereum conversions and decentralized finance platforms, urging private sector entities to block transactions linked to these illicit activities.