Binance began a staged restoration of customer withdrawals on Sunday, starting with major assets such as Bitcoin, Ether, and select stablecoins. The platform cautioned users that heavy transaction volumes might trigger processing delays while additional services await the conclusion of security reviews. Investigators discovered multiple points of breach beyond an initially suspected employee laptop, prompting plans for a comprehensive inquiry report. Federal authorities noted that the perpetrators are converting the illicit funds primarily into ether and routing them through decentralized finance tools.
Key points
Binance is fully absorbing the financial fallout from the breach to protect its customers…: Binance is fully absorbing the financial fallout from the breach to protect its customers from suffering direct losses.
Federal investigators reported that the hackers are converting the stolen cryptocurrency…: Federal investigators reported that the hackers are converting the stolen cryptocurrency into ether to launder it across decentralized platforms.
The cyber actor responsible for the attack was previously linked to a roughly $1.5bn thef…: The cyber actor responsible for the attack was previously linked to a roughly $1.5bn theft from Bybit in February 2025.
Sources checked by our analysis pipeline: 1
The FBI says hackers from North Korea are responsible for the theft.
Binance has begun restoring customer withdrawals after hackers stole about $6.3bn in cryptocurrency in a record theft that United States authorities have blamed on North Korea.
The world’s largest cryptocurrency exchange resumed some of its services on Sunday, following a suspension imposed after Thursday’s attack as the company investigated the breach and carried out security checks.
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Binance said it had replaced approximately 95 percent of the affected assets. “Binance will absorb the financial impact of the stolen funds, not our users,” the company said in a statement on X on Sunday.
Withdrawals are being restored in stages, with major cryptocurrencies such as Bitcoin and Ether, along with some stablecoin services, being reopened.
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