Binance resumes crypto withdrawals after major hack blamed on North Korea

Binance said Sunday that it had resumed withdrawals after a major hack that affected more than $6 billion in funds. Binance, which is the world's largest crypto exchange by daily trading volumes, had suspended user withdrawals after the attack. Read moreHow the record-breaking $6.3 billion heist in crypto history unfolded "First batch network now opened in phase one of withdrawals is $BTC bitcoin network," Binance said on X. The company said in an earlier update that it was preparing to resume the first phase of withdrawals between 0600 and 0900 GMT on Sunday. "We are taking a phased approach by prioritizing tokens based on the past week data of user demand, so that each network and asset pair can be restored carefully, with stability and security checks completed before access is reopened," it said. To display this content from X (Twitter), you must enable advertisement tracking and audience measurement. Binance said Saturday that it has set aside more than $6.34 billion in company funds to cover losses in the hack, which is thought to be the biggest-ever crypto heist. "User funds remain safe. Binance will absorb the financial impact of the stolen funds, not our users," it said on...