Binance resumes withdrawals after $6 billion hack blamed on North Korea
Cryptocurrency exchange Binance has resumed withdrawals after over $6 billion in virtual assets were stolen in a major hack. The FBI has blamed North Korea for the attack, according to Binance's announcement on Sunday.
Binance said Sunday that it had resumed withdrawals after more than $6 billion in virtual assets were stolen from the cryptocurrency exchange in a major hack the FBI said North Korea was responsible for, according to a report by The Standard on 2 November 2026.
The FBI attributed the attack to North Korean actors, though further details on the investigation were not provided in the report. The hack represents one of the largest thefts of virtual assets on record, highlighting ongoing security vulnerabilities in the cryptocurrency sector.
Binance did not specify when the hack occurred or how long withdrawals were suspended, but the resumption of services suggests the exchange has taken steps to address the breach. The company has faced increased regulatory scrutiny globally in recent years over compliance and security practices.
The incident adds to concerns about the security of digital assets, particularly as state-backed hackers have increasingly targeted cryptocurrency platforms. North Korea has been accused of using cyberattacks to generate revenue for its weapons programmes, circumventing international sanctions.
The news comes amid broader market turmoil for cryptocurrencies, with prices remaining volatile. The hack may further erode investor confidence in the sector, which has already been under pressure from tighter regulations and market downturns.