Binance resumed customer withdrawals on Sunday, November 1, 2026, after replenishing 90% of the $6.3 billion taken in the largest theft of digital assets on record, the platform said, as reported by CNBC.
The exchange had frozen withdrawals on Thursday, October 29, when it detected the theft from its wallets. On Saturday, the U.S. Federal Bureau of Investigation attributed the attack to TraderTraitor, a group linked to North Korea that is part of the Lazarus collective, according to The Guardian. The agency asked the private sector to block transactions with the addresses the group uses to move the funds. For Mexico, the episode touches a sensitive point: virtual asset platforms operate under the Fintech Law (Ley para Regular las Instituciones de Tecnología Financiera), in force since 2018, and the custody of user funds is back at the center of the debate over cross-border supervision.
The company allocated about $6.34 billion of its own resources to buy back the stolen tokens. The amount came in part from its Secure Asset Fund for Users, a $1 billion reserve created by the company itself to protect customers against security breaches, from a portion of its futures insurance fund and from the corporate treasury, according to The Guardian. Richard Teng, co-chief executive, said the firm remains committed to covering the remaining 10% and that the company, not users, absorbs the financial impact. The FBI detailed that the attackers converted the stolen assets into ethereum and that it expected them to continue laundering through decentralized finance services. According to CNBC, the 90% replenished does not amount to recovering the attacker's funds: the top ten tokens are 100% backed and the rest are less liquid assets. The market reacted with declines: bitcoin fell almost 5%, ethereum about 6% and BNB, the platform's native token, around 10%.
The outstanding portion is the less liquid tokens, for which the company has not set a date. The next actions by U.S. authorities on the flagged addresses, and how other exchanges respond, will set the tone for a regulatory conversation that is no longer an internal Binance matter.
This article was written with the assistance of artificial intelligence from verified sources and reviewed by a human editor before publication.