Binance to resume withdrawals after recovering bulk of $6 billion in stolen funds
- Binance said phase would start between 0600 and 0900 GMT on Sunday and include bitcoin, ether, BNB, Solana, XRP, dogecoin and other tokens
Binance is resuming withdrawals after recovering 95% of $6.3 billion stolen in the world's largest digital heist, which the FBI attributes to North Korea.
- The FBI's attribution of the attack to North Korea's TraderTraitor unit.
- Binance's phased resumption of withdrawals for major cryptocurrencies.
- The remaining less liquid stolen assets and expected further laundering.
Binance, the world’s biggest cryptocurrency exchange, said it would resume withdrawals in phases after covering 95% of the $6.3 billion in tokens stolen from its platform in the world’s largest digital heist, which the FBI has tied to North Korea.
Binance said phase would start between 0600 and 0900 GMT on Sunday and include bitcoin, ether, BNB, Solana, XRP, dogecoin and other tokens.
Hackers steal $6.3 billion from Binance in record heist blamed on North Korea
The remaining 5% of stolen tokens consists of assets that are less liquid and may take longer to source in the required amounts, Binance posted on X late on Saturday.
The FBI said on Saturday the North Korean state-sponsored unit known as TraderTraitor was responsible for the attack.
Binance replenishes 90pc of assets stolen in security incident
Pyongyang has for years denied using state-linked cyber units for espionage, financial theft and revenue. Its mission in Geneva and embassy in China did not respond to requests for comment.
Members of the unit were observed by law enforcement converting stolen assets into the cryptocurrency ethereum, the FBI said in a statement, adding that it expects “further laundering” of the assets through the use of related technology.