Binance, the worlds biggest cryptocurrency exchange, confirmed it would resume withdrawals on Sunday after covering 95 per cent of the $ 6.3 billion in tokens stolen from its platform in the world ’ s largest digital heist, which the FBI has tied to North Korea. The exchange, founded in China, confirmed the first phase of withdrawals would start be
Binance, the worlds biggest cryptocurrency exchange, confirmed it would resume withdrawals on Sunday after covering 95 per cent of the $ 6.3 billion in tokens stolen from its platform in the world ’ s largest digital heist, which the FBI has tied to North Korea. The exchange, founded in China, confirmed the first phase of withdrawals would start be
Significant news has emerged following reports that binance, the worlds biggest cryptocurrency exchange, indicated it would resume withdrawals on Sunday after covering 95 per cent of the $ 6.3 billion in tokens stolen from its platform in the world ’ s largest digital heist, which the FBI has tied to North Korea. The exchange, founded in China, declared the first phase of withdrawals would start between 0600 and 0900 GMT and cover 15 crypto assets including bitcoin, ether, XRP, dogecoin and others.
Background
This story does not exist in isolation — the background provides crucial perspective.
Binance said on Sunday it had covered $ 6bn of stolen cryptocurrencies by using enterprise money to buy replacement tokens.
The remaining 5pc of stolen tokens consist of assets that are less liquid and may take longer to source in the required amounts, according to the exchange.
Significantly, the FBI said on Saturday the North Korean state-sponsored unit known as TraderTraitor was responsible for the attack.
Analysis
Those with expertise in the area say the timing of this development is particularly notable.
Law enforcement observed members of the unit converting stolen assets into the cryptocurrency ether, the FBI said in a statement, adding that it expected “ further laundering ” of the assets through the use of related technology.
Notably, analysts had blamed North Korea and said the Binance theft could be the largest financial heist of all time.
Adding to the complexity of the situation, the bulk of the theft unfolded in roughly 20 minutes beginning late on Thursday and bore similarities to previous extensive attacks blamed on North Korea, according to US blockchain analysis firms TRM Labs and Chainalysis.
National Impact
Beyond the immediate headlines, this development could reshape how the issue is handled.
US President Donald Trump, however, said on Saturday that the US was still not certain if North Korea was involved.
Notably, “ We don ’ t know if it ’ s North Korea but if it is, we ’ ll talk to North Korea about it, ” Trump notified reporters on Saturday in comments posted by a White House handle on X. Binance vows to bear financial costs Binance has been working with industry partners to freeze some of the affected assets, with relating to $ 3bn located as of Friday, it said.
Further developments have shed additional light on the matter. the exchange has repeatedly said it would bear the financial impact of the funds stolen in the hack.
Compounding the significance of these events, the money spent buying replacement tokens came from Binance ’ s $ 1bn Secure Asset Fund for Users ( Safu), a bitcoin reserve it holds to protect customers in the event of security breaches, as well as some of its Futures Insurance Fund and its corporate treasury, it indicated on X. Co-CEO Yi He confirmed on Saturday that 50pc of its Safu funds would be used, while the firm committed to replenishing the fund to relating to $ 1 bn.
It has also emerged that binance, which allows users to buy, sell and trade digital assets, has 335 million registered users globally and had about $ 162.8 billion in assets under custody as of its 2025 annual report.
What Happens Next
The implications of what has transpired will take time to fully understand. In the interim, this development stands as a significant moment in a story that is still being written.
Significant news has emerged following reports that binance, the worlds biggest cryptocurrency exchange, indicated it would resume withdrawals on Sunday after covering 95 per cent of the $ 6.3 billion in tokens stolen from its platform in the world ’ s largest digital heist, which the FBI has tied to North Korea. The exchange, founded in China, declared the first phase of withdrawals would start between 0600 and 0900 GMT and cover 15 crypto assets including bitcoin, ether, XRP, dogecoin and others.
Background
This story does not exist in isolation — the background provides crucial perspective.
Binance said on Sunday it had covered $ 6bn of stolen cryptocurrencies by using enterprise money to buy replacement tokens.
The remaining 5pc of stolen tokens consist of assets that are less liquid and may take longer to source in the required amounts, according to the exchange.
Significantly, the FBI said on Saturday the North Korean state-sponsored unit known as TraderTraitor was responsible for the attack.
Analysis
Those with expertise in the area say the timing of this development is particularly notable.
Law enforcement observed members of the unit converting stolen assets into the cryptocurrency ether, the FBI said in a statement, adding that it expected “ further laundering ” of the assets through the use of related technology.
Notably, analysts had blamed North Korea and said the Binance theft could be the largest financial heist of all time.
Adding to the complexity of the situation, the bulk of the theft unfolded in roughly 20 minutes beginning late on Thursday and bore similarities to previous extensive attacks blamed on North Korea, according to US blockchain analysis firms TRM Labs and Chainalysis.
National Impact
Beyond the immediate headlines, this development could reshape how the issue is handled.
US President Donald Trump, however, said on Saturday that the US was still not certain if North Korea was involved.
Notably, “ We don ’ t know if it ’ s North Korea but if it is, we ’ ll talk to North Korea about it, ” Trump notified reporters on Saturday in comments posted by a White House handle on X. Binance vows to bear financial costs Binance has been working with industry partners to freeze some of the affected assets, with relating to $ 3bn located as of Friday, it said.
Further developments have shed additional light on the matter. the exchange has repeatedly said it would bear the financial impact of the funds stolen in the hack.
Compounding the significance of these events, the money spent buying replacement tokens came from Binance ’ s $ 1bn Secure Asset Fund for Users ( Safu), a bitcoin reserve it holds to protect customers in the event of security breaches, as well as some of its Futures Insurance Fund and its corporate treasury, it indicated on X. Co-CEO Yi He confirmed on Saturday that 50pc of its Safu funds would be used, while the firm committed to replenishing the fund to relating to $ 1 bn.
It has also emerged that binance, which allows users to buy, sell and trade digital assets, has 335 million registered users globally and had about $ 162.8 billion in assets under custody as of its 2025 annual report.
What Happens Next
The implications of what has transpired will take time to fully understand. In the interim, this development stands as a significant moment in a story that is still being written.
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