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Binance to resume withdrawals after covering bulk of stolen $6.3bn

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Cite

Reuters. (2026, November 1). Binance to resume withdrawals after covering bulk of stolen $6.3bn. Dawn. https://www.dawn.com/news/2041364/binance-to-resume-withdrawals-after-covering-bulk-of-stolen-63bn

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Dawn · collected 2026-11-01 · by Reuters

Quick Summary

Binance announced on Sunday it will restart cryptocurrency withdrawals after covering 95% of the approximately $6.3 billion in stolen tokens from its platform earlier this week. The theft, one of the largest digital heists ever recorded, has been linked by the FBI to North Korea’s state-sponsored cyber unit known as TraderTraitor. Binance plans to release 15 crypto assets for withdrawal initially but acknowledges that less liquid assets may take longer due to sourcing difficulties.
Written by AI on 2026-11-01, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

On October 29, 2026, Binance, the world’s largest cryptocurrency exchange, reported a potential security issue that may have been a hack, leading to significant financial actions. In response, Tether and Circle froze over $1.5 billion and $2.38 billion, respectively, in stablecoin assets. Binance's founder acknowledged it "does look like a hack on Binance," with the exchange suspending all deposits and withdrawals as a precautionary measure while investigating.

By November 1, the FBI confirmed that North Korea was behind the theft of over $6.3 billion from Binance’s platform, making it the largest digital heist in history. Despite this confirmation, President Donald Trump expressed uncertainty about North Korea's involvement before eventually acknowledging the possibility of talks with them if responsible.

Binance announced on November 1 that they had replaced approximately 95% of the stolen tokens using company funds and would resume withdrawals for major cryptocurrencies like Bitcoin starting Sunday morning.

Written for “FBI Blames North Korea for Binance Hack” on 2026-11-01, grounded in this article and the 63 other(s) covering the same event.
Why this leaning score
This article does not take a side on a contested political question, so it has no leaning score. That is an answer rather than a gap: a match report or a rescue can be warmly or critically written without being left or right, and scoring it anyway is how approval of a subject gets recorded as a political position.
No political leaning scored for article 120814 · logged 2026-11-01

Story

📰 FBI Blames North Korea for Binance Hack
World · 64 article(s) covering the same event. Compare every outlet's account →

Compared with similar articles

This article reads unscored and hedges 21% of its claims. Each row says how that neighbour differs.
CBS News
Hedges 0 of 12 claims Outlet record 66/100
CBC News
Hedges 2 of 10 claims Outlet record 60/100
NBC News
⚖️ Leans left Hedges 2 of 22 claims Outlet record 60/100
BBC News
Hedges 2 of 23 claims Outlet record 68/100
Dawn
Hedges 7 of 32 claims Outlet record 72/100
New York Post
Hedges 1 of 12 claims Outlet record 66/100
Dawn
Hedges 6 of 39 claims Outlet record 72/100
Global News
Hedges 1 of 26 claims Outlet record 63/100
NPR
Hedges 1 of 26 claims Outlet record 60/100
The Hindu
Hedges 1 of 3 claims Outlet record 77/100
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
19
sentences that state something as happening or true
Uncertain
21%
4 of 19 hedged ("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
72/100
Dawn's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
64
World
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-11-01 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

Dawn · 2537 article(s) · 3 correction(s) detected
Running correction rate · 3 correction(s)

Who wrote this

Reuters
810 article(s) here · 1 carrying a prediction
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🔮 Indian security personnel carrying batons and shields and accompanied by riot control vehicles surrounded the site of a planned opposition protest in Delhi on Sunday that is set to demand the resignation of the country’s election chief over a controversial revision of voter lists.
🔮 Binance, the worlds biggest cryptocurrency exchange, said it would resume withdrawals on Sunday after covering 95 per cent of the $6.3 billion in tokens stolen from its platform in the world’s largest digital heist, which the FBI has tied to North Korea.
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Wire or desk byline, not an individual reporter.
Also by Reuters
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 810 articles by Reuters →

Topics

Binance China FBI North Korea TRM Labs

Subjects

Binance ORG · 7× North Korea GPE · 7× FBI ORG · 4× China GPE · 2× TRM Labs ORG · 2× Chainalysis ORG · 1× Geneva GPE · 1× North Korean NORP · 1× Pyongyang GPE · 1× TraderTraitor ORG · 1×

Narrative

US President Donald Trump, however, said on Saturday that the US was still not certain if North Korea was involved. “We don’t know if it’s North Korea but if it is, we’ll talk to North Korea about it,” Trump told reporters on Saturday in comments posted by a White House handle on X. Binance vows to bear financial costs Binance has been working with industry partners to freeze some of the affected assets, with about $3bn located as of Friday, it said.
framing: mixed · carried by 1 article(s) · first seen 2026-11-01
🔮 Binance, the worlds biggest cryptocurrency exchange, said it would resume withdrawals on Sunday after covering 95 per cent of the $6.3 billion in tokens stolen from its platform in the world’s largest digital heist, which the FBI has tied to North Korea.

Claims (19 extracted, 4 hedged)

Binance, the worlds biggest cryptocurrency exchange, said it would resume withdrawals on Sunday after covering 95 per cent of the $6.3 billion in tokens stolen from its platform in the world’s largest digital heist, which the FBI has tied to North Korea. asserted
FBI → say → Korea
The exchange, founded in China, said the first phase of withdrawals would start between 0600 and 0900 GMT and cover 15 crypto assets including bitcoin, ether, XRP, dogecoin and others. asserted
phase → found → bitcoin
Binance said on Sunday it had covered $6bn of stolen cryptocurrencies by using company money to buy replacement tokens. asserted
it → say → tokens
The remaining 5pc of stolen tokens consist of assets that are less liquid and may take longer to source in the required amounts, according to the exchange. uncertain
that → steal → exchange
FBI ties attack to North Korea unit The incident adds to a string of crypto thefts. asserted
incident → tie → thefts
Last year, attackers stole $2.9bn worth of cryptocurrency across nearly 150 attacks, according to researchers at TRM Labs. uncertain
attackers → steal → Labs
The FBI said on Saturday the North Korean state-sponsored unit known as TraderTraitor was responsible for the attack. asserted
unit → say → attack
Pyongyang has for years denied using state-linked cyber units for espionage, financial theft and revenue. asserted
Pyongyang → deny → espionage
Its mission in Geneva and embassy in China did not respond to requests for comment. asserted
mission → respond → comment
Law enforcement observed members of the unit converting stolen assets into the cryptocurrency ether, the FBI said in a statement, adding that it expected “further laundering” of the assets through the use of related technology. asserted
it → observe → technology
Analysts had blamed North Korea and said the Binance theft could be the largest financial heist of all time. uncertain
theft → blame → time
The bulk of the theft unfolded in around 20 minutes beginning late on Thursday and bore similarities to previous large attacks blamed on North Korea, according to US blockchain analysis firms TRM Labs and Chainalysis. uncertain
bulk → unfold → firms
US President Donald Trump, however, said on Saturday that the US was still not certain if North Korea was involved. “We don’t know if it’s North Korea but if it is, we’ll talk to North Korea about it,” Trump told reporters on Saturday in comments posted by a White House handle on X. Binance vows to bear financial costs Binance has been working with industry partners to freeze some of the affected assets, with about $3bn located as of Friday, it said. asserted
it → say → Friday
The exchange has repeatedly said it would bear the financial impact of the funds stolen in the hack. asserted
it → say → hack
It has set aside around $6.34bn of company funds internally to cover the losses. asserted
It → set → losses
The money spent buying replacement tokens came from Binance’s $1bn Secure Asset Fund for Users( Safu), a bitcoin reserve it holds to protect customers in the event of security breaches, as well as some of its Futures Insurance Fund and its corporate treasury, it said on X. asserted
it → spend → Fund
Co-CEO Yi He said on Saturday that 50pc of its Safu funds would be used, while the company committed to replenishing the fund to about $1 bn. Richard Teng, the other co-CEO, has said that the breach was a “complex attack” involving a compromised laptop and malicious software designed to delete evidence of its activity, making it harder to trace and investigate. asserted
it → say → activity
Crypto prices fell on Friday, while Binance sought to reassure customers that their funds were safe after the hack. asserted
funds → fall → hack
Binance, which allows users to buy, sell and trade digital assets, has 335 million registered users globally and had about $162.8 billion in assets under custody as of its 2025 annual report. asserted
users → allow → report
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