Positive impactStocks
Crypto Heist: Binance covers 95% tokens, resumes withdrawals
Economic Times 1 hr ago·2 Nov 2026, 1:47 am
Binance has resumed withdrawals for major cryptocurrencies like Bitcoin and Ether after recovering 95% of the funds from a massive North Korean-linked hack. The exchange confirmed that the stolen assets have been returned to user accounts, restoring confidence in its security measures for these specific assets. This recovery marks a significant step in resolving the incident and alleviating concerns for users who had been unable to access their funds.
This development is a positive signal for the broader crypto market, as it demonstrates a major exchange's ability to recover from large-scale security breaches. For investors, it highlights the importance of choosing platforms with robust security protocols. Moving forward, all eyes will be on Binance to see when it plans to fully restore withdrawals for the remaining assets involved in the hack.
Excerpt from Economic Times
Binance has officially restarted withdrawals for select cryptocurrencies such as bitcoin and ether, following successful recovery of a substantial amount of stolen funds linked to a massive North Korean heist. Notably, last year saw $2.9 billion in cryptocurrency stolen through multiple incidents. The crypto exchange…Read the original at Economic Times
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