Binance resumes withdrawals, but crypto attacks keep on coming

Homepage > News > Business > Binance resumes withdrawals, but crypto attacks keep on coming TL;DR: Binance resumed withdrawals on November 1 after a record $6.3 billion hack on October 29. The exchange says it has replenished 95% of affected funds, but it hasn’t explained the “additional points of breach.” The FBI blames North Korea’s TraderTraitor group, and laundering continues through cross-chain services like THORChain. Meanwhile, fresh breaches at Mercado Bitcoin, BTCPay, Chainalysis, and others show exploits are growing more frequent and more intense. Key Takeaways: Binance resumes withdrawals on November 1 after recovering from the largest crypto hack in history, during which customers withdrew $4.65 billion in under 10 hours. Binance says it replenished 95% of the impacted funds using its SAFU fund, corporate treasury, and futures insurance fund. Binance has not specified the “additional points of breach” beyond an initially compromised DevOps engineer’s laptop, though it reports no evidence that wallet private keys leaked. Laundering of the stolen funds is ongoing, using thousands of scripted transactions and cross-chain services such as THORChain and Relay. The F...