Binance resumes withdrawals after record hack as billions leave platform
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Binance reopened withdrawals for 15 blockchain networks following a record $6.3 billion hack by North Korea's TraderTraitor group. Processing $4.65 billion in withdrawals against $1 billion in deposits, founder Changpeng Zhao noted a 2.1% net outflow. Binance replenished about 95% of the stolen crypto using reserves, insurance, and SAFU funds, while executives addressed security specifics.
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