Other● Neutral● Important

Binance Restores Withdrawals After $6.3B North Korea Hack

TradingGain Newsroom·1h ago·02 Nov 2026, 14:57 UTC

Binance has reopened withdrawals after a $6.3 billion hack linked to North Korea. The exchange says it has covered 95% of the losses and holds reserves for the remaining 5%. Post-mortem reviews will stay open, so traders may want to follow updates closely.

BTCAt the time of writing, Bitcoin traded at $77,843 (-0.22% in 24h).Live price →

Why it matters

Reopened withdrawals let users move their funds off the exchange again.
Binance says it has covered 95% of the losses from the hack.
Reserves are set aside for the remaining 5%, which may ease exchange risk concerns.

What to watch next

Watch the post-mortem reviews for new details on the hack and how the remaining 5% of losses is handled.

BTCLive chartOpen full chart →

This brief is written by TradingGain from public reporting by Bitcoin Magazine.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.