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Techcrunch 01 November 2026

Binance resumes withdrawals after $6.3 billion data breach

Binance resumes withdrawals after $6.3 billion data breach

The cryptocurrency exchange Binance has announced that it is once again allowing withdrawals following a data breach in which $6.3 billion in assets were lost. The company claims to have secured 95% of the stolen funds and has taken recovery measures to prevent such incidents from happening in the future.

In recent months, Binance has been working hard to strengthen its security systems and recover as much of the lost assets as possible. The team behind the exchange is confident in their approach and is communicating transparently with users about the progress of the recovery operations.

With the resumption of withdrawals, Binance hopes to regain the trust of its users and look forward to a stable future for its services. This incident has highlighted the need for improved security within the cryptocurrency sector.

For more information about the incident and the current state of the exchange, you can read the full article on Techcrunch.