# Binance Reopens Withdrawals as FBI Pins $6B Hack on North Korea

*Author: David Christopher*
*Published: Nov 2, 2026*
*Source: https://www.bankless.com/read/news/binance-reopens-withdrawals-fbi-pins-hack-on-north-korea*

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Binance [reopened withdrawals](https://x.com/binance/status/2116926305254133892) in phases on Nov. 1, days after its [record $6B+ hack](https://www.bankless.com/read/binance-just-suffered-the-biggest-hack-in-crypto-history-what-now), and users pulled a net ~$3.64B in the first nine hours, though the exchange says that represents only 2.1% of its $171B in assets. 

## What's the Scoop?

- **The Outflow:** Binance [processed](https://x.com/binance/status/2116926305254133892) $4.65B in withdrawals against $1.01B in deposits, and said volumes were "stabilising as expected." Only the first 15 networks and assets are back, with the next phase [set for Tuesday](https://x.com/binance/status/2117237539098521938). 

- **The Reserves:** Alongside the reopening, Binance [published](https://x.com/binance/status/2117237539098521938) its new proof of reserves, a cryptographic check users can run to confirm their balances are backed at least 1:1, covering 10 tokens including BTC, ETH and USDT. It says it has covered about 95% of the stolen amount, with the rest in less liquid tokens. 

- **The Hackers:** The FBI [named](https://www.fbi.gov/investigate/cyber/alerts/2026/north-korea-responsible-for-6-billion-binance-attack) North Korea's TraderTraitor group on Oct. 31, listed 628 addresses tied to the theft and urged THORChain node operators, instant exchanges and DeFi services to block them. Chainalysis [says](https://x.com/chainalysis/status/2116938083543425324) the launderers moved $500M out of TRON wallets and have started shifting funds to Solana.
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