Binance reopens withdrawals after $6.3B hack, THORChain founder rejects freeze request
Binance reopened withdrawals for 15 blockchain networks on Tuesday following a $6.3 billion hack linked to North Korean hackers, processing $4.65 billion in withdrawals and receiving $1 billion in deposits. The exchange reported a 2.1% net outflow in the first 12 hours, with 98% of users choosing to stay. About 95% of the stolen funds have been replenished using corporate reserves and insurance. Separately, THORChain founder Chad Barraford rejected a request to freeze addresses, stating the protocol paused operations for unrelated reasons after the hack.
The article details a major $6.3 billion hack involving North Korean actors and Binance's subsequent recovery efforts, alongside THORChain's operational response to address freeze requests. It provides insight into exchange security incidents and protocol governance during a significant market event.
Source: Cointelegraph · cointelegraph.com