Binance Begins Reopening Withdrawals With Bitcoin After $6.3 Billion Hack

Binance has begun reopening withdrawals, starting with Bitcoin, following a hack that drained roughly $6.3 billion from the exchange. The company said it has replenished about 95% of the impacted amount, with less-liquid tokens making up the remaining 5%. The resumption of BTC withdrawals marks the first step in restoring full withdrawal functionality across the exchange. The incident ranks among the largest crypto exchange breaches, and the scale of the shortfall was covered by Binance's own reserves. The key items to watch are the pace of the remaining 5% replenishment for less-liquid tokens, whether withdrawal volumes stabilize as access expands to other assets, and any further updates from Binance on the investigation.