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Binance expects to normalize withdrawals next week after cyberattack

FinanceInternationalLa VanguardiaAI summary
Image: La Vanguardia

Binance expects to restore withdrawals across all networks and assets still restricted before the end of next week, following the October 29 cyberattack in which about $6.3 billion in cryptocurrencies were stolen. The platform reopened withdrawals on 87 networks this week and says it has replenished close to 95% of the stolen tokens, pledging to absorb the losses in full. The FBI and the company attribute the attack to North Korea, which Pyongyang denies.

In 40 seconds

  • Binance reopened withdrawals on 87 networks this week and aims to enable them on all remaining ones before the end of next week.
  • The October 29 cyberattack involved the theft of about $6.3 billion in cryptocurrencies.
  • The platform says it has replenished around 95% of the stolen tokens and is absorbing the losses in full.
Read the full story at La Vanguardia

IASummary generated by artificial intelligence from a story by La Vanguardia. It may contain errors: the original source prevails.

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