# Binance resumes customer withdrawals after record $6.3bn hack

- URL: https://talkfuse.com/story/binance-resumes-customer-withdrawals-after-record-6-3bn-hack/
- Published: 2026-11-01T16:27:20+00:00
- Original publisher: The Guardian (publisher lean: Left)
- Original article: https://www.theguardian.com/business/2026/nov/01/binance-losses-covered-hack-fbi-north-korea-cryptocurrency
- Topics: Asia, Business, Crypto, Cybersecurity, Technology, World

## Key points

- Binance has started phased withdrawals after a $6.3bn hack.
- The FBI attributes the theft to North Korea-linked TraderTraitor.
- Binance says it will cover the losses for customers.

## Summary

Binance has begun reopening customer withdrawals after a record $6.3bn theft, following an initial freeze while it investigated the breach. The FBI says the North Korean state-linked group TraderTraitor was responsible, and Binance says it will cover the losses so customers do not bear the financial impact.

Withdrawals are being restored in phases, starting with certain Ethereum-based tokens and some assets on the BNB Smart Chain. Binance says it has replaced about 90% of the stolen amount; the remaining, less liquid tokens may take longer to buy, with the company reporting it had set aside about $6.34bn to cover the loss. The exchange described the attack as involving a compromised laptop and malicious software, while bitcoin, ether and BNB fell after news of the hack.

## Coverage

- [The Guardian: Binance resumes customer withdrawals after record $6.3bn hack](https://www.theguardian.com/business/2026/nov/01/binance-losses-covered-hack-fbi-north-korea-cryptocurrency)
- [TechCrunch: Binance resumes withdrawals following $6.3 billion breach](https://techcrunch.com/2026/11/01/binance-resumes-withdrawals-following-6-3-billion-breach/)

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.