FinanceMonday, November 2, 20261 min read

Crypto Heist: Binance covers 95% tokens, resumes withdrawals

By Economic Times Markets · Published by Everything Blog

In short

Binance has covered 95% of stolen tokens and initiated a phased return of customer withdrawals following a massive cyberattack. The initial service restoration encompasses 15 assets, including bitcoin, ether, XRP, dogecoin, BNB, and selected stablecoins. The FBI has tied the attack to North Korea amid research from TRM Labs showing hackers stole $2.9 billion across nearly 150 crypto attacks last year.

Key points

Federal authorities at the FBI have linked the massive exchange heist directly to North K…: Federal authorities at the FBI have linked the massive exchange heist directly to North Korean actors.
Market analysts suggest the recent breach could rank as the largest financial robbery in…: Market analysts suggest the recent breach could rank as the largest financial robbery in recorded history.
The platform has successfully covered 95% of the impacted tokens to protect its customer…: The platform has successfully covered 95% of the impacted tokens to protect its customer balances.

Sources checked by our analysis pipeline: 1

Read more: Global Market Today: Asian shares bend under AI stress; Apple earnings loom

The heist, which the FBI has tied to North Korea and analysts believe may be the biggest financial robbery ever, adds to a string of recent crypto thefts. Last year, attackers stole $2.9 billion worth of cryptocurrency across nearly 150 attacks, according to researchers at TRM Labs. Binance, which was founded in China, said the first phase of withdrawals would cover 15 crypto assets including bitcoin, ether, XRP and dogecoin. Bitcoin withdrawals resumed shortly after 11:30 AM , while ether, BNB and some USDT and USDC stablecoin withdrawals were also restored.

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Key Points

Federal authorities at the FBI have linked the massive exchange heist directly to North K…: Federal authorities at the FBI have linked the massive exchange heist directly to North Korean actors.
Market analysts suggest the recent breach could rank as the largest financial robbery in…: Market analysts suggest the recent breach could rank as the largest financial robbery in recorded history.
The platform has successfully covered 95% of the impacted tokens to protect its customer…: The platform has successfully covered 95% of the impacted tokens to protect its customer balances.

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In short

Key Points

Federal authorities at the FBI have linked the massive exchange heist directly to North K…: Federal authorities at the FBI have linked the massive exchange heist directly to North Korean actors.
Market analysts suggest the recent breach could rank as the largest financial robbery in…: Market analysts suggest the recent breach could rank as the largest financial robbery in recorded history.
The platform has successfully covered 95% of the impacted tokens to protect its customer…: The platform has successfully covered 95% of the impacted tokens to protect its customer balances.

Topics

Finance

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Crypto Heist: Binance covers 95% tokens, resumes withdrawals

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