Binance Resumes Withdrawals After Suffering Biggest-Ever Crypto Hack

A facts-only brief, written by a local AI model from this article in The Wall Street Journal, November 1, 2026. It may contain mistakes, and it is not the article: the full story is at wsj.com.

Binance resumed withdrawals for bitcoin, ether, and other digital currencies on Sunday after replacing approximately 95% of the assets stolen in a major cyberattack. The exchange stated that the remaining 5% of stolen funds are less liquid and require more time to source at the necessary scale. Binance confirmed it will continue to restore additional assets in phases as security checks are completed and promised to publish a post-incident report once the investigation concludes.

Background

• Hackers stole $6.3 billion from the exchange by breaching an engineer’s laptop and other systems, an act attributed by the FBI and cybersecurity researchers to North Korea’s TraderTraitor group.
• Stablecoin issuers Tether and Circle, along with other firms, froze about $3 billion of the stolen funds, leaving roughly $3.3 billion under hacker control.
• Binance reserved over $6.3 billion in company funds to cover user losses, stating it would absorb the financial impact rather than passing it to customers.
• The exchange, which operates primarily outside the United States, said its separate U.S. entity, Binance.US, was not affected by the breach.

Read the full article at wsj.com

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