Binance said early Sunday that it will resume cryptocurrency withdrawals in phases, depending on the network and asset type. The company froze deposits and withdrawals after hackers stole $6.3 billion in crypto from Binance wallets.
Binance said it has covered 95% of the stolen assets and is still working to buy the "remaining affected assets," which it described as "less liquid in the market and take longer time to source at the required scale." The company said it "will bear the financial impact of the stolen funds" and that "these losses will not be passed on to users."
As of Sunday morning, Binance's network status page showed mixed statuses. Bitcoin withdrawals and deposits were listed as partially suspended, while Ethereum deposits were normal and Ethereum withdrawals were partially suspended. Binance warned users to expect "temporary delays or longer processing times due to traffic volume."
Binance said it will publish a more in-depth incident report when its investigation is complete.
Binance previously blamed North Korean hackers. On Saturday, the FBI said a North Korean group known as TraderTraitor was responsible and was converting the assets primarily into Ethereum, with further laundering likely.