Binance to Resume Withdrawals After Recovering 95% of Hacked Funds
Summary
Binance will resume withdrawals in phases after recovering 95% of the $6.3 billion in digital assets stolen in a hack. The FBI says the North Korean state-sponsored hacker group TraderTrader was behind the cyberattack and warned the stolen money could still be laundered further.
Key Points
- Binance says users will be able to withdraw funds in phases after 95% of the hacked assets were recovered.
- The stolen digital assets were worth about $6.3 billion and included major cryptocurrencies such as Bitcoin, Ethereum, BNB, Solana, XRP and Dogecoin.
- The FBI says the North Korean state-sponsored hacker group TraderTrader carried out the cyberattack and converted the stolen assets into Ethereum.
- Authorities warned that the remaining stolen money could still be laundered using other technologies.
