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Binance resumes withdrawals following $6.3 billion breach

Binance has resumed withdrawals in phases after a $6.3 billion hack, announcing it has covered 95% of stolen assets. The exchange confirmed users will not bear financial losses and that withdrawals will return gradually depending on network and asset type.

Background

Binance is the world's largest cryptocurrency exchange by trading volume. Large-scale hacks on major exchanges remain one of the most significant risks in the crypto industry.

Source
TechCrunch
Published
Nov 2, 2026 at 12:20 AM
Score
8.0 / 10