Binance aims to reopen withdrawals in phases by Sunday and says $6.34 billion is set aside to cover the theft, $5 billion of it already in the stolen coins

Binance has moved its withdrawal restart to the weekend. In a video posted on X on Friday, co-CEO Richard Teng said the exchange hopes to let customers withdraw again by Sunday, within about 40 hours, CoinDesk reports. A later Binance update on Friday afternoon said withdrawals should resume in phases within approximately 34 hours, subject to security checks, according to Forbes. Deposits have stayed open.

Binance says it has set aside more than $6.34 billion of company funds and reserves to cover the theft. About $5 billion is already held in the same assets that were taken, and the remaining roughly $1.3 billion is being bought on exchanges and over-the-counter desks, which Binance warned could take longer, The Block reports. That pool does not count the roughly $3 billion that partners have frozen.

The picture of the attack is widening. Teng said investigators have found additional points of breach beyond the compromised engineer's laptop first suspected, and CoinDesk reports the attackers used a self-destruct mechanism to erase evidence and an Ethereum feature known as EIP-7702 to take control of a hot wallet. Chainalysis puts the theft at about $6.4 billion, says about $2.8 billion has been frozen, and attributes it to North Korea's TraderTraitor group. Binance has not named the attackers. It plans an updated proof of reserves, followed by a full report on Monday, according to CoinDesk.