The exchange has already brought withdrawals back online for 87 networks as part of a phased reopening schedule following the massive October 29 security breach. Investigators determined that the intrusion was a multi-stage cyberattack that originally began in June. Despite North Korea denying responsibility, Binance and federal authorities have linked the incident to Pyongyang-backed hackers. Amid the fallout and heightened industry scrutiny, former Airwallex executive Justin Yek has assumed the role of chief financial officer.
Key points
The multi-stage cyberattack was linked by Binance and the FBI to the North Korean hacking…: The multi-stage cyberattack was linked by Binance and the FBI to the North Korean hacking collective TraderTraitor.
Full withdrawal functionality across all remaining networks and assets is expected to be…: Full withdrawal functionality across all remaining networks and assets is expected to be operational by late next week.
Binance has publicly committed to reimbursing all affected customers completely despite t…: Binance has publicly committed to reimbursing all affected customers completely despite the unprecedented size of the theft.
Sources checked by our analysis pipeline: 1
"This week, we reopened withdrawals for 87 networks. We will aim to reopen withdrawals for all remaining networks and assets by the end of next week," the company said in an X post.
Binance resumed withdrawals in phases earlier this month, after covering 95% of the $6.3 billion in tokens stolen from its platform in what experts describe as the largest cryptocurrency theft ever.
The FBI and Binance have said North Korea was responsible for the Binance hack, but Pyongyang has denied that. Blockchain investigation firms have attributed it to a North Korean group known as "TraderTraitor".
In its initial report on how hackers pulled off the heist, Binance detailed a multi-stage hacking endeavour that began in June and set off a series of security breaches culminating in the theft on October 29.
The theft has underlined the vulnerability of digital assets to attacks and raised questions about the impact of the hack on Binance, which has vowed to repay customers in full.
The company's finance chief Kaiser Ng left the company just over a week after the heist, to…
Strong September-quarter financial results and margin expansion have prompted brokerages to issue positive targets alongside a newly declared interim shareholder payout. Rising global infrastructure needs, particularly dedicated power generation for hyperscale data centres and grid stability equipment, are fueling demand-driven order inflows. This commercial momentum continues to support the equipment manufacturer's multi-year market capitalization expansion.
State-owned parent entity Coal India is advancing plans to monetize its operating assets by offloading a portion of its corporate holdings on public stock exchanges. This move initiates the formal regulatory process across major domestic bourses to achieve independent market valuations for the mining subsidiary. The transaction serves as a core mechanism for the enterprise to strategically unlock value from its key operating units.
Indian benchmark indices are confronting crucial technical hurdles following a steady rebound above their long-term moving averages. Favorable indicators like a bullish MACD are sustaining upside momentum, yet proximity to overhead barriers has reduced the risk-reward payoff for aggressive buying. Investors face a selective market where sector performance is sharply bifurcated.