Binance Replenishes 80% of Stolen Funds, Plans Phased Withdrawal Restart

Binance says it has replaced about 80% of funds stolen in an attack and expects to reopen withdrawals by token over roughly 34 hours, giving users a phased path back to access. The exchange has prepared more than $6.34 billion in company funds. More than $5 billion equivalent in token assets is already available, including USD Coin (USDC), Tether (USDT), Bitcoin (BTC), Ether (ETH) and BNB. Binance says it is obtaining the rest through market and over-the-counter purchases. About $3 billion in assets have been frozen onchain.