Binance resumes customer withdrawals after record $6.3bn hack
The exchange said it had restored withdrawals after blockchain partners froze part of the stolen assets.
TL;DR
- Binance resumed customer withdrawals after a $6.3 billion theft, The Guardian reported.
- The FBI attributed the theft to North Korea; the exchange said partners had frozen about 90% of the losses.
- The incident’s recovery and investigation remain ongoing.
The Guardian reported on November 1 that Binance had resumed customer withdrawals after the exchange suffered a record $6.3 billion theft. The exchange said customer withdrawals had remained available through the incident, with a temporary pause affecting only certain assets. [1]
BBC and DW reported that Binance said blockchain partners had frozen or recovered about 90% of the stolen assets. The FBI attributed the theft to North Korea, according to both outlets. [1] [2]
The 90% figure is Binance’s estimate of assets frozen or recovered, not a final accounting of funds returned to customers. The Guardian reported that the incident prompted operational measures as the company worked with blockchain partners. [1] [2]
Attribution and asset recovery are separate parts of the case. Investigators have not publicly resolved the full attack path or confirmed the final amount that will be recovered. [1] [2]
Why it matters
The update shifts attention from the initial loss to exchange continuity and recovery across blockchain networks. The company’s reported freeze rate is significant, but it does not by itself settle the final recovery or attribution record.
Editor's note
The FBI attribution and Binance recovery estimate are reported by separate outlets; recovery remains provisional.