NEW YORK, November 1, 2026: Cryptocurrency exchange Binance has resumed Bitcoin and other major cryptocurrency withdrawals after covering 95% of losses from a reported $6.3 billion cyber theft, using approximately $6 billion of its own funds to restore affected assets.
The exchange announced a phased restoration of withdrawal services, initially covering 15 cryptocurrencies, including Bitcoin, Ethereum, BNB, Solana, XRP and Dogecoin.
According to the company, the first phase of withdrawals was scheduled to begin between 06:00 and 09:00 GMT on November 1, allowing users to regain access to several widely traded digital assets.
The development follows a major cryptocurrency security breach that disrupted withdrawals and raised concerns about the protection of digital assets held on trading platforms.
Binance uses $6 billion to cover stolen cryptocurrency losses
Binance said it had covered approximately 95% of the stolen cryptocurrency assets, drawing on around $6 billion of company funds to address the losses.
The exchange said the remaining 5% consisted largely of cryptocurrencies with relatively low trading volumes.
Restoring these assets could take longer because acquiring the required quantities in the market may be more difficult.
The company has prioritised major cryptocurrencies in the initial withdrawal restoration phase, with other affected assets expected to follow as sufficient reserves become available.
Bitcoin, Ethereum, XRP and Dogecoin were among the cryptocurrencies included in the first stage.
The exchange’s decision to use its own funds to cover the reported losses represents a substantial financial commitment following the security incident.
Bitcoin, Ethereum and other withdrawals restored
The first phase of Binance’s withdrawal restoration covers 15 digital assets, including several of the world’s most widely traded cryptocurrencies.
Bitcoin, Ether, BNB, Solana, XRP and Dogecoin were specifically identified among the tokens included in the initial rollout.
Binance said restoring withdrawals would take place in stages, with the remaining affected cryptocurrencies requiring additional time.
The company attributed the delay involving certain assets to limited market liquidity, which can make it difficult to acquire large quantities without affecting trading conditions.
The phased approach is intended to restore access to major cryptocurrencies while the exchange continues addressing the outstanding losses.
FBI links cryptocurrency theft to North Korean hackers
The Federal Bureau of Investigation (FBI) has attributed the reported cyberattack to TraderTraitor, a hacking group linked to North Korea.
According to the FBI, members of the group converted stolen cryptocurrency assets into Ethereum following the theft.
Investigators warned that the attackers could attempt to conceal additional funds through cryptocurrency-related technologies and transactions.
The allegations highlight continuing concerns about cybercriminal groups using digital assets to transfer and obscure stolen funds.
North Korea has denied allegations that it sponsors cyber groups involved in financial theft.
Cryptocurrency security concerns remain
The reported theft and subsequent restoration of withdrawals have renewed attention on the security risks associated with cryptocurrency exchanges.
Major trading platforms hold substantial quantities of digital assets, making them potential targets for sophisticated cyberattacks.
The incident also highlights the financial challenges exchanges can face when attempting to compensate users after large-scale security breaches.
Although Binance said it had covered most of the reported losses, the remaining affected cryptocurrencies may require additional time before withdrawals are fully restored.
For users, the immediate development is the resumption of access to major cryptocurrencies, while the exchange continues efforts to address the outstanding portion of the stolen assets.