Binance Reopens Bitcoin Withdrawals After Covering 95% of $6.3B Hack Losses

AI Market Summary

Binance reopening withdrawals, starting with BTC, after covering about 95% of the $6.3 billion stolen assets with SAFU, insurance, and treasury funds reduces immediate contagion and exchange-solvency fears. Users are shielded from losses, supporting confidence. Still, the remaining illiquid tokens and North Korea attribution leave operational and regulatory overhang, tempering broad risk appetite.

Impact level

● High

Affected assets

BTC/USDT+0.41%

AI Insight · BTC/USDTAI Insight

● Neutral

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Binance reopened withdrawals in phases on Sunday, starting with Bitcoin shortly after 1 AM ET, then Ethereum, BNB Chain, XRP, Solana and other networks. It said it replaced about 95% of the $6.3 billion stolen, covering roughly $6 billion through SAFU, its Futures Insurance Fund and treasury. Users will not bear losses. The FBI tied the theft to North Korea\u0027s TraderTraitor unit.

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