CatalystCrypto
Crypto Heist: Binance covers 95% tokens, resumes withdrawals
Binance covering 95% of tokens and resuming withdrawals signals recovery after the crypto heist.
Context
What happened: Binance restarted withdrawals for select cryptocurrencies including bitcoin and ether after recovering a substantial amount of stolen funds linked to a North Korean heist. The exchange plans to restore withdrawals for more assets in later phases.
Key numbers: $2.9 billion in cryptocurrency was stolen through multiple incidents last year.
Why it matters: The recovery let Binance cover 95% of tokens and resume withdrawals, according to the headline.
Coverage: 12 outlets in 24h
What changed
Binance restarted withdrawals for select cryptocurrencies including bitcoin and ether after recovering a substantial amount of stolen funds linked to a North Korean heist. The exchange plans to restore withdrawals for more assets in later phases.
Why it matters
The recovery let Binance cover 95% of tokens and resume withdrawals, according to the headline.