Binance Restores Withdrawals After $6.3 Billion Cyberattack

Binance has resumed cryptocurrency withdrawals following a significant cyberattack, having restored 95% of the stolen assets valued at $6.3 billion. The exchange has taken steps to cover the financial losses, ensuring customers can access their funds without additional costs.

The resumption of withdrawals led to global net outflows exceeding $3.6 billion, as users across more than 30 African countries accessed their accounts. Binance offers direct local-currency or peer-to-peer access in these regions, supporting a growing cryptocurrency market.

Sub-Saharan Africa’s cryptocurrency economy expanded by 13.4% to reach $101 billion in the year ending June 2026, highlighting the region’s rapid growth in the global digital asset landscape.