Binance is working towards restoring withdrawal services across all its remaining networks and assets by the end of next week, following a security breach that led to $6.3 billion worth of cryptocurrency being stolen from the exchange last month.The company said it had brought 87 networks back online this week as part of its phased efforts to resume withdrawals. It had begun reopening the service earlier this month after covering 95% of the tokens lost in the attack.“This week, we reopened withdrawals for 87 networks. We will aim to reopen withdrawals for all remaining networks and assets by the end of next week,” Binance said in a post on X on Saturday.The October 29 theft has been described by experts as the biggest cryptocurrency heist ever. Binance’s first account of the incident outlined a hacking operation involving several stages, which reportedly started in June before a series of security breaches led to the eventual theft.Responsibility for the attack has been a point of contention. Both the FBI and Binance have identified North Korea as being behind the breach, while Pyongyang has denied the allegations. Blockchain investigation firms have linked the incident to a North Korean hacking group called “TraderTraitor”.The scale of the stolen assets has also drawn attention to the security risks surrounding digital currencies and the potential consequences for Binance. The exchange has committed to reimbursing customers in full.The incident was followed by a change in the company’s senior finance team. Kaiser Ng, who had spent more than five years as Binance’s finance chief, stepped down just over a week after the theft to pursue a new venture.Justin Yek, who took over the role, is a longtime finance executive and previously served as vice-president of finance at Airwallex.
