Binance resumes some crypto withdrawals after $6.3bn theft

Bitcoin withdrawals resumed shortly after 06:00 UTC on Sunday, Reuters reported. Withdrawals of ether, BNB and some USDT and USDC stablecoins have also been restored.

Binance said it would reopen withdrawals in stages, with selected assets on 15 networks included in the first phase. It said it was prioritising tokens based on customer demand over the previous week and would complete stability and security checks before reopening each asset and network combination.

The exchange suspended withdrawals as a precaution after the theft of about $6.3 billion in cryptocurrency. Binance says it has replaced approximately 95% of the affected amount using company resources. That is not the proportion recovered from the attackers; the company says the remaining tokens are less liquid and may take longer to buy.

Binance warned that users could face delays during the rollout and advised them to check availability for their chosen asset and network on its withdrawal or network status page.