Binance said it aims to reopen withdrawals for all remaining networks and assets by the end of next week. The exchange is recovering from a security breach linked to North Korea that saw $6.3 billion stolen last month.
Binance aims to reopen withdrawals for all remaining networks and assets by the end of next week, the company said on Saturday. Operations are normalising at the world's biggest cryptocurrency exchange after a breach in which $6.3 billion was stolen from the platform last month.
In an X post, Binance said it reopened withdrawals for 87 networks this week. Withdrawals had already resumed in phases earlier this month, after the company covered 95% of the stolen tokens.
Binance and the FBI blame North Korea
The FBI and Binance have said North Korea was responsible for the hack, but Pyongyang has denied that. Blockchain investigation firms attribute the attack to a North Korean group known as "TraderTraitor".
Binance's initial report describes a multi-stage hacking effort that began in June and ended with the theft on October 29. Experts describe the heist as the largest cryptocurrency theft ever. Binance has vowed to repay customers in full.
Finance chief departs after the heist
Meanwhile, finance chief Kaiser Ng left the company just over a week after the heist to pursue a new venture, after more than five years at Binance. Justin Yek, a longtime finance executive, replaced Ng after serving most recently as vice-president of finance at Airwallex.
Source: Investing.com (Reuters)
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