Daily brief
Philippines · Sun 15 Nov · 3 min read · By Roland Cinco
Binance targets full withdrawal reopening after replacing stolen tokens
What happened
Binance said on 14 November that it aims to reopen withdrawals for all remaining networks and assets by the end of the following week.
The exchange said it had reopened withdrawals for 87 networks during the week, extending a phased resumption that began earlier in November after the October security breach.
The Straits Times reported that Binance had restored all USD6.3 billion in stolen crypto-assets as at 12 November, according to a company social media post.
The stolen assets included Bitcoin and more obscure tokens, which took Binance longer to find and purchase as it worked to replace customers’ holdings.
Binance used a mixture of profits and emergency funds to replace the tokens, having pledged throughout the recovery process to cover customers’ losses in full.
The FBI and Binance attributed the attack to North Korea, which denied responsibility; blockchain investigation firms attributed it to the North Korean group TraderTraitor.
Binance’s initial investigation described a multi-stage attack beginning in June, followed by security breaches that culminated in the theft from its platform on 29 October.
Why it matters
Sources: BlockShoals, The Straits Times, The Straits Times
Related briefs
- Binance names Justin Yek CFO as Kaiser Ng leavesBinance announced on 7 November 2026 that finance chief Kaiser Ng is leaving to pursue another venture, following more than five years at the cryptocurrency exchange. Justin Yek, whose most recent role was vice-president of finance at Airwallex, is taking over as CFO, according to the Reuters report published by The Straits Times. Co-chief executive officer Yi He said Binance had implemented a transition plan over the previous half year, presenting the departure as a previously planned change. The announcement followed the theft of cryptocurrency worth USD6.3 billion from Binance in a breach that unfolded on 29 October 2026. Binance said it would fully reimburse affected customers, but the report did not specify a reimbursement timetable or explain how the payments would be funded. The FBI blamed a North Korean hacking group for the theft, an allegation Pyongyang denied.Leadership · Global
- DOJ wins authority to seize USD1.2 billion from Binance theftThe US Department of Justice announced court authorisation on 12 November 2026 to seize or restrain more than USD1.2 billion in cryptocurrency stolen from Binance. The assets form part of more than USD2.7 billion frozen by US authorities and private-sector partners following the theft of over USD6 billion from the exchange. CNBC describes the assets as seized, while Yonhap reports court authorisation to seize or restrain them, a distinction that leaves the execution status unclear. The FBI identified the alleged attackers as TraderTraitor, linked to North Korea's military, and authorities said the group continues laundering funds through bridges, mixers and exchanges. Separately, the DOJ announced disruption of FaceStealer, a North Korean deepfake campaign that authorities said stole more than USD400 million in cryptocurrency over 18 months. The FBI seized cloud-based infrastructure used in FaceStealer and more than 900 webcam videos of victims, according to the department's account reported by Yonhap. Authorities also reported increasing targeting of open-source developers and maintainers, in what the department described as apparent attempts to enable broader software supply-chain attacks.Regulatory · Global
- Sega Sammy profit jumps 298.6% as gaming losses widenJapan’s Sega Sammy Holdings Inc reported net profit of JPY10.93 billion for the six months to 30 September 2026, up 298.6% year-on-year, GGRAsia reported. According to the company’s 6 November filing, group net sales reached JPY212.58 billion for the April-to-September period, an increase of 5.7% from the prior-year period. Adjusted earnings before interest, taxation, depreciation and amortisation rose 54.0% year-on-year to JPY24.58 billion over the same six months. The gaming business recorded sales of nearly JPY16.36 billion, up 91.1% year-on-year, but reported an operating loss of JPY3.9 billion for the period. In its accompanying presentation, the company said results exceeded expectations across all segments, existing gaming businesses performed steadily, and pachislot and pachinko sales were strong. Gaming-machine sales across North America and Asia totalled 784 units during the six months, up 23.9% from 633 units in the comparable prior-year period. The company attributed solid gaming-machine sales to growth in key series including Railroad Riches and Super Burst, and launched Bonanza Bros. Golden Heist in September.Market · Japan
Comments (0)
Be civil. No promotion. No confidential information.