Binance Restarts Customer Withdrawals Following $6.3B Cyber Heist

Cryptocurrency exchange Binance has resumed customer withdrawals in the wake of a massive cyberattack in which roughly $6.3 billion in assets were stolen, the Financial Times reported. According to the report, the exchange has pledged to reimburse users whose funds were taken in the incident, which has been linked to North Korea-backed hackers.

Meanwhile, Channels TV reported that the company has set aside more than $6.34 billion in corporate funds to cover losses from the breach, claiming it has recovered approximately 90% of the stolen assets. Further details have not yet been released.