Binance Restores Withdrawals After $6 Billion Hack

Overview

• Hackers executed a fast, large-scale attempt to siphon more than $6 billion from Binance in a breach that sources say unfolded on Thursday.
• The FBI has publicly attributed the operation to TraderTraitor, a North Korean‑linked hacking unit, and blockchain investigators reached the same conclusion.
• Binance suspended withdrawals after the attack and has begun phased restorations for selected tokens and networks while reporting it has recovered roughly 90–95% of the affected assets.
• Tether and Circle froze large blocks of funds tied to the theft and the FBI warned the attackers moved assets into Ethereum and may use decentralized‑finance services to launder proceeds.
• The exchange says it will cover customer losses using corporate cash and its SAFU emergency fund, a move that curbed wider market disruption but raises fresh questions about exchange security and regulatory scrutiny.