Binance to resume withdrawals after covering bulk of stolen $6.3 billion

Khaleej Times Short Today

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The world's biggest cryptocurrency exchange says it has covered 95% of the stolen assets, using company funds to replace approximately $6 billion worth of cryptocurrency.⁠
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Withdrawals are set to resume on Sunday, initially covering 15 cryptocurrencies, including Bitcoin, Ethereum, XRP and Dogecoin.⁠
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The FBI has attributed the attack to North Korea's state-sponsored TraderTraitor hacking group, although US President Donald Trump said Washington was still uncertain about North Korea's involvement.⁠
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The theft reportedly unfolded in just 20 minutes, with investigators warning that stolen assets could be moved through further money-laundering operations.⁠
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Binance says it will bear the financial cost of the breach, with the remaining 5% of stolen assets taking longer to replace.⁠
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