Binance hackers swap $124M of stolen altcoins into Bitcoin as withdrawals reopen

On November 6, Elliptic said hackers behind the $6.43 billion Binance theft had swapped $124 million of stolen altcoins for about 1,650 Bitcoin while Binance restored customer withdrawals. Elliptic said $2.85 billion of the stolen total had been frozen and $3.11 billion remained in connected wallets, while Binance said it had replenished 98% of affected token assets by October 31 and pledged to cover customer losses. Binance aimed to reopen withdrawals for HYPE, INJ, APT, PLASMA, NEAR and LTC by the end of the following week. The FBI attributed the theft to North Korea’s TraderTraitor group on October 31.