Binance Reopens Withdrawals After $6.3 Billion Hack Blamed on North Korea
The Binance logo — Image via Wikimedia Commons The world's largest cryptocurrency exchange, Binance, has resumed customer withdrawals days after hackers drained about $6.3 billion in digital assets in what analysts say could be the biggest financial robbery ever, according to Reuters. The hack The FBI said in a cyber alert dated October 31 that North Korea's TraderTraitor hacking group was behind the theft of more than $6 billion in virtual assets from Binance on or about October 29. The Wall Street Journal reported the breach surfaced around 4:20 p.m. ET on October 29, when Binance's security team detected unauthorized withdrawals exceeding $1 billion; losses passed $6 billion within about 20 minutes. U.S. President Donald Trump said on Saturday that it remained unclear whether North Korea was involved: "We don't know if it's North Korea — but if it is, we'll talk to North Korea about it." The recovery Binance says it has covered about 95% ...