
Binance Expects to Start Resuming Withdrawals Within 48 Hours
Binance's Yi He expects withdrawals to start resuming within 48 hours. The exchange estimates a $6.3 billion impact and says roughly $3 billion is frozen.

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Institutional crypto investors rush to pull funds from exchanges after Binance hack The withdrawals suggest the fallout from the multibillion-dollar breach is spreading beyond Binance. By Will Canny |

Standard Chartered says the $6.3 billion Binance hack could drive trading toward decentralized exchanges, strengthening its $100 Uniswap price forecast for 2030.
Crypto's longtime foe, North Korea's Lazarus Group, likely behind Binance hack: blockchain sleuths Security researchers suggested that the hermit kingdom's Lazarus Group was behind Thursday's nearly $6 billion hack of the world's largest crypto exchange. By Nikhilesh De.

Binance confirmed the incident but reassured that user funds will be covered in full.
Binance hack drained wallets backing customer assets, reserve data shows Binance’s own reserve data lists the drained wallets as backing customer balances, leaving its ether backing an estimated 6% short until the exchange replaces what was stolen. By Oliver Knight |

Binance says a compromised engineer’s laptop may have enabled its $6.3 billion hack. The exchange has frozen about $3 billion and pledged to cover losses.