Binance has resumed cryptocurrency withdrawals following a major cyberattack that resulted in the theft of more than $6 billion in digital assets, with the FBI attributing the incident to North Korea.
The world’s largest cryptocurrency exchange by daily trading volume said on Sunday that it had reopened withdrawals for Bitcoin, with other networks and assets to be restored in phases, France24 reported.
The company said it was prioritising tokens based on user demand over the previous week, adding that each network would undergo stability and security checks before withdrawals resumed.
Binance said it had allocated more than $6.34 billion in company funds to cover the losses, which it described as a financial burden the exchange would absorb rather than pass on to customers.
The FBI said on Saturday that North Korea was responsible for stealing more than $6 billion in virtual assets from Binance on or around October 29. The agency linked the attack to TraderTraitor, a hacking group associated with Pyongyang.
According to the FBI, investigators had observed the attackers converting stolen assets into Ethereum and expected further laundering attempts through decentralised finance platforms and instant cryptocurrency swap services. The agency urged private-sector companies to block transactions involving wallet addresses linked to the suspected laundering activity.
However, US President Donald Trump expressed uncertainty about North Korea’s involvement, telling reporters in Florida on Saturday that authorities were still investigating and that it was not yet clear whether Pyongyang was responsible.
The incident is the latest major cryptocurrency theft linked by investigators to North Korean cyber operations, which are believed to generate funds for the country’s weapons programmes.
News of the attack sent prices of most major cryptocurrencies sharply lower on Friday, highlighting the potential market impact of the breach.