Binance Withdrawals Reopened as Exchange Begins Recovery After $6.3B Hack

TLDR Binance withdrawals reopened in phases after its $6.3 billion security breach, with Bitcoin becoming the first network to reopen as the exchange works to restore access to customer funds. Binance has started the first phase of its withdrawal recovery plan after suspending services following Thursday’s massive cryptocurrency theft. The exchange confirmed on November 1 that Bitcoin withdrawals were the first to become available under the phased rollout. The decision follows several days of security assessments and recovery efforts after the attack, which the FBI has attributed to North Korea-linked hackers. Binance said it would gradually restore withdrawal services as individual networks and assets pass additional security and stability checks. The exchange is prioritizing assets based on customer demand over the previous week.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Bitcoinist.