Binance resumes withdrawals after $6.3 billion breach

Binance has resumed customer withdrawals today following a $6.3 billion breach, according to TechCrunch. The restart is pivotal for users seeking access to funds for trading, payroll, and settlements, and could steady liquidity across major crypto markets. It arrives amid heightened anxiety over exchange security, stablecoin flows, and counterparty risk across the digital asset industry.

TechCrunch reports Binance says it has now covered 95% of the stolen assets for affected users. Further details on the source of coverage, incident scope, attack vector, and timeline for the remaining 5% were not immediately available, and it was unclear whether insurance or corporate reserves are involved. Watch for Binance to disclose forensic findings, user restitution mechanics, any phased withdrawal limits, and early regulatory responses in the hours ahead. [Developing. This article will be updated.]