Binance Resumes Withdrawals Days After Hack That Wiped Out $6 Billion
What the coverage says
Binance has initiated a phased restart of cryptocurrency withdrawals following a massive digital asset theft, with NDTV noting the company set aside more than $6.34 billion in internal funds to cover losses from what is considered the largest crypto heist in history. While the Economic Times, the Times of India, and NDTV Profit report that the exchange recovered 95 percent of the stolen funds—with the Times of India adding that the remaining five percent consists of illiquid assets—the Hindustan Times and the Times of India describe the incident as a hack attempt rather than a completed theft. Meanwhile, NDTV Profit and the Hindustan Times report that the Federal Bureau of Investigation linked the security breach to North Korea's TraderTraitor unit.
Written by HeadlineShine from 5 outlets' reporting, with AI assistance. Each outlet's own story is listed alongside.
Timeline
- Economic Times first reported it
- Times of India reported it
- NDTV Profit reported it
- Hindustan Times reported it
- NDTV reported it
- Latest update
