Binance Recovers 90% of Funds from $6.3 Billion Hack, Resumes Some Withdrawals

Cryptocurrency exchange Binance has announced it has recovered 90% of the $6.3 billion stolen in a recent hack, which the FBI has attributed to a North Korean-backed group. The company stated on Sunday that it has begun to resume user withdrawals in phases to ensure stability, and its Co-CEO Richard Teng affirmed that users will not bear the financial impact of the incident. The recovered funds were sourced from Binance's Secure Asset Fund for Users, its Futures Insurance Fund, and the company's corporate treasury.