Binance Restores Stablecoin Withdrawals Following $6.3 Billion Breach

The exchange reports it has now replaced approximately 95% of the assets drained during the $6.3 billion security breach. While balances for major cryptocurrencies including SOL, XRP, and ZEC are now fully backed, the company is still actively sourcing the remaining 5% of less-liquid tokens through over-the-counter desks and other exchanges. Binance has utilized its Secure Asset Fund for Users and corporate treasury holdings to ensure customers do not bear the financial burden of the attack.

President Donald Trump addressed the incident from his Mar-a-Lago residence, stating his administration is investigating the breach. The FBI has formally attributed the attack to North Korea’s TraderTraitor group, noting that the hackers have been actively converting stolen funds into Ethereum. While Binance maintains that deposits remained functional throughout the crisis, the firm has not provided a specific timeline for when the remaining restricted networks will return to full service. Security teams are currently performing final checks on remaining withdrawal routes to prevent further illicit movement of funds.