Binance resumes customer withdrawals after record $6.3bn hack

The Guardian World reports: Cryptocurrency exchange says 90% of losses covered as FBI blames North Korean state-sponsored group TraderTraitor The cryptocurrency exchange Binance has started to allow its customers to withdraw their funds from the platform, as it recovers from a record $6.3bn (£4.7bn) hack. The exchange was hit by the theft on Thursday, which has since been described as the biggest heist in history, with experts identifying North Korea as the likely culprit. Binance initially froze withdrawals as it investigated the breach, but on Sunday announced that it had began a phased reopening after 2pm Singapore time.

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