Binance Resumes Withdrawals After Record $6.3 Billion Hack Linked to North Korea

Binance, the world’s largest cryptocurrency exchange by trading volume, has begun phased withdrawals following a devastating security breach that drained an estimated $6.3 billion in digital assets. The FBI has attributed the attack to North Korean state-sponsored hackers, marking one of the largest cryptocurrency thefts in history. The exchange said the first phase of withdrawals is now open for a limited set of users, with additional phases expected in the coming days as security checks continue. The hack has reignited concerns over the safety of centralized exchanges and the growing sophistication of state-backed cybercriminals. Binance has not disclosed exactly which assets were stolen or how the attackers bypassed its security, but the company stressed that user funds remain covered by its emergency insurance fund. The incident underscores the urgent need for stronger regulatory oversight and improved security protocols across the crypto industry. As investigators work to trace the stolen funds, traders and investors are watching closely to see whether Binance can restore confidence and prevent future breaches.