Binance users drain $4.6bn in hours as crypto exchange reopens after record North Korea heist

• Binance customers withdrew over $4.6 billion shortly after the cryptocurrency exchange resumed operations following a record-breaking cyberattack.
• The FBI attributed the theft of over $6 billion in virtual assets to TraderTraitor, a North Korean state-sponsored hacking network.
• Binance reported that it has recovered about 95 percent of the stolen cryptocurrencies so far.
• The cryptocurrency exchange pledged to cover all remaining financial losses using company funds to ensure users are not impacted.
• Withdrawals are being restored in phases, prioritizing major tokens, with platform activity currently stabilizing after an initial spike.

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Binance users withdraw over $4bn as crypto exchange reopens after record hack