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Binance withdrawals resume following $6 billion hack

Binance withdrawals resume following $6 billion hack

Binance, the world’s largest cryptocurrency exchange, said it has resumed withdrawals after a record $6.3 billion was stolen from its digital wallets last week.

“Today, we’re beginning the phased resumption of withdrawals, taking a careful approach to ensure services return safely and securely,” Binance co-CEO Richard Teng posted on X early Sunday. “Our commitment remains clear: Binance will absorb the financial impact of the stolen funds, not our users.”

The company has resumed withdrawals for 15 digital currencies — including Bitcoin, Solana and Ethereum — as of 7:36 a.m. ET. Binance will “continue to restore…

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