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Binance restarted customer withdrawals on Sunday, four days after hackers drained roughly $6.3 billion from its hot wallets in the largest crypto theft on record.
The exchange reopened in stages over the weekend, starting with bitcoin and expanding to 15 networks. The move marked the first real test of whether the platform could absorb a loss of that size without freezing its customers out for longer.
The recovery push began Saturday. In its third recovery update, Binance said it had replenished 90% of the impacted amount with company funds. The exchange drew on part of its Secure Asset Fund for Users, a portion of its futures insurance fund and its corporate treasury to buy…
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