Binance restores more crypto withdrawals after $6.3 billion hack

New Delhi: Cryptocurrency withdrawal services have been made available for three new networks by Binance, which is slowly rebuilding its systems after suffering from a $6.3 billion cyberattack. In its most recent update on Sunday, Binance has said that users can now withdraw ZEC, USDT, and GRAM via the TON network, while SUI can be withdrawn via its own network.

The newly added updates come at a time when withdrawal is once again available for Bitcoin, Ethereum, BNB Smart Chain, XRP, Base, Dogecoin, Optimism, Arbitrum, Tron, Solana, Polygon, and Avalanche. The supported tokens on these platforms include BTC, ETH, BNB, USDT, USDC, XRP, SOL, TRX, among others.

Binance stated that they will keep on supporting more assets and networks after completing the necessary security measures. Additional information will be shared through their official communication channels.

The company stopped withdrawals due to hackers stealing $6.3 billion worth of cryptocurrency on October 29th. This incident was followed by a security investigation as well as withdrawal limitations, since Binance was dealing with it.

Customers have been guaranteed by Binance that it will compensate for any financial loss resulting from this incident through its secure asset fund for users (Safu), futures insurance fund, and the company’s treasury funds.

The FBI has identified North Korea-linked hacking group TraderTraitor as responsible for the attack as RNA Media earlier reported. The agency said the hackers had been converting the stolen cryptocurrency into Ethereum and could move the funds through decentralized finance platforms and instant swap services to conceal their trail.

The FBI has advised cryptocurrency firms and other private sector organizations to stop transactions involving addresses used by the hackers. TraderTraitor is reportedly related to Lazarus Group, which has been involved in some of the biggest cyber-attacks worldwide.