Binance Begins Restoring Withdrawals Following Record Cryptocurrency Theft

2026, November 1

United States / North Korea / International

In a significant development following the previously reported cryptocurrency theft, Binance began gradually restoring customer withdrawals on Sunday after the record $6.3 billion security breach. The initial reopening covers selected Ethereum-based cryptocurrencies, including Ether, USDT and USDC, together with certain assets on the BNB Smart Chain. Binance said it had replenished approximately 90% of the stolen funds, although some less-liquid cryptocurrencies could take longer to restore.

The FBI attributed the attack to North Korea-linked hacking group TraderTraitor, which reportedly began converting stolen assets into Ether as part of its laundering operation. Binance pledged to cover the remaining losses using its reserves and corporate funds, assuring customers that they would not bear the financial impact. The incident has renewed international concerns about cryptocurrency security, cybercrime and the growing financial capabilities of state-sponsored hacking groups.