Binance said it has begun restoring customer withdrawals in phases, starting with bitcoin, after a record-scale hack that has drawn law-enforcement attention and prompted broader market fallout. Other reports say the exchange is working to cover losses and that investigators are tracking the stolen assets across multiple addresses and networks.
Binance reopens withdrawals in phases
Binance said it has started phased withdrawals after the breach, with bitcoin first in line. The exchange also said it has replaced most of the stolen crypto and is covering user losses through company funds, futures reserves and SAFU, according to separate reports.
Sources: CoinDesk, Cointelegraph, CoinDesk
Investigators trace the stolen funds
The FBI has attributed the hack to North Korea and asked DeFi participants to block listed BTC, ETH and SOL addresses. Another report said Chainalysis believes the attackers are using thousands of addresses, suggesting the trail is still expanding.
Sources: Cointelegraph, CoinDesk
Market reaction has been mixed
Reports from market observers said bitcoin held up better than in earlier exchange-hack episodes, even as crypto-linked stocks sold off after the disclosure. One company also authorized possible sales or loans against its bitcoin holdings, citing exchange security and quantum-computing risks.
Sources: Cointelegraph, CoinDesk, Cointelegraph, Decrypt
Security concerns spill beyond Binance
Separate crime and security reports highlighted continuing risks around crypto theft, including a London wallet drain tied to a stolen phone and a cybersecurity incident at blockchain investigator Chainalysis that exposed some non-sensitive customer data.
Sources: CoinDesk, Cointelegraph