nuNov 2, 2026, 09:07

Dollar withdrawals resume on Binance after largest crypto theft ever

Binance has resumed dollar withdrawals following a major cyberattack on October 29 that saw 6.3 billion dollars in assets stolen. While users quickly withdrew 3.64 billion dollars in response, the exchange has covered most of the losses and stabilized operations while the FBI investigates the North Korean-linked Lazarus Group for the theft.

Cryptocurrency exchange Binance has officially resumed dollar withdrawals following a massive cyberattack on October 29 that resulted in the theft of 6.3 billion dollars in digital assets. The company initially suspended all transactions as a precaution but has gradually reinstated services after completing rigorous security checks. While major cryptocurrencies like Bitcoin, Ether, and BNB are now available for withdrawal, the platform has faced a significant impact from customer reactions. Users withdrew a net total of 3.64 billion dollars shortly after the services resumed, which represents approximately 2.1 percent of the company's 171 billion dollars in total assets. Despite this outflow, Binance claims to have covered 95 percent of the stolen funds and reports that withdrawal activity has since stabilized. The FBI has attributed the sophisticated heist to the North Korean hacker collective known as TraderTraitor, or the Lazarus Group. Investigators note that the attackers attempted to obfuscate the stolen assets by rapidly dispersing them across thousands of digital addresses and converting them primarily into Ethereum to facilitate money laundering.

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Based on reporting by nu. Translated and condensed by LocalHeadlines.

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