Binance Resumes Crypto Withdrawals After Record Hack, 95% of Losses Covered

Binance resumed crypto withdrawals on November 1, three days after a record $6.3 billion hack, with Bitcoin the first network to reopen as part of a controlled rollout. The exchange said it has already covered roughly 95% of the stolen funds from its own reserves. The rapid restoration of withdrawals and near-full coverage of losses aim to reassure users and stabilize confidence in the world's largest crypto exchange. Watch for the pace of the remaining network reopens, whether the residual 5% of losses is fully covered, and any updates on the investigation into the breach.