Binance says phase one of withdrawals opens after $6.3B hack

Binance said it has reopened its Bitcoin network in phase one of resuming withdrawals after a major hack of about $6.3 billion in funds.

The crypto exchange had suspended user withdrawals after the attack on Thursday, which the FBI blamed on North Korean operatives.

“First batch network now opened in phase one of withdrawals is $BTC bitcoin network,” Binance said on X.

In an earlier X announcement on Sunday, Binance had said it would roll out withdrawal services in phases, which will be progressively available. Updates will be available on its official X channel, it added.

“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…