Binance to resume withdrawals after recovering bulk of $6 billion in stolen funds
Cryptocurrency exchange Binance is resuming withdrawals after recovering a substantial amount of stolen assets from a $6 billion hack. The company has identified a North Korean threat actor as responsible for the theft and is actively pursuing recovery of remaining tokens. Law enforcement agencies are tracking the laundering of stolen cryptocurrency. Binance has committed to covering financial losses incurred by users due to the incident.
Key points
- Binance recovers bulk of $6 billion in stolen cryptocurrency
- North Korean unit identified as responsible for theft
- Withdrawals to resume following asset recovery
- Exchange commits to covering user losses
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