Binance has resumed withdrawals after experiencing the largest crypto hack in its history. The exchange reported that it has already replaced approximately 95% of the stolen assets. This development comes as a relief to users who were left unable to access their funds following the security breach.
The company did not disclose the exact amount stolen or the method used by hackers, but confirmed that restoration efforts are nearly complete. The incident highlights ongoing vulnerabilities in centralized cryptocurrency exchanges, despite security improvements across the industry. Binance, one of the world’s largest trading platforms, has faced scrutiny over its handling of user funds and transparency in past incidents.
The swift recovery of assets may help restore confidence among traders, though questions remain about the long-term implications for exchange security and regulatory oversight.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing