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Binance says phase one of withdrawals opens after $6.3B hack

The crypto exchange said it has begun phased withdrawals after the record hack the FBI has blamed on North Korea.

Cointelegraph•

The crypto exchange said it has begun phased withdrawals after the record hack the FBI has blamed on North Korea.

Binance said it has reopened its Bitcoin network in phase one of resuming withdrawals after a major hack of about $6.3 billion in funds.

The crypto exchange had suspended user withdrawals after the attack on Thursday, which the FBI blamed on North Korean operatives.

In an earlier X announcement on Sunday, Binance had said it would roll out withdrawal services in phases, which will be progressively available. Updates will be available on its official X channel, it added.