Binance says withdrawals are back on 87 networks after the $6.3 billion theft from the exchange, and aims to restore the rest by the end of next week

Binance has reopened withdrawals on 87 networks this week and plans to bring back the remaining networks and assets before the end of next week, according to an official update reported by TokenPost and PANews on Friday evening, Pacific time. TokenPost said bitcoin withdrawals returned first, followed by selected Ethereum and BNB Smart Chain routes and then selected Arbitrum and Tron withdrawals. Binance warned that heavy network traffic could still delay some withdrawals.

The phased reopening follows the theft of roughly $6.3 billion in crypto from the exchange on or around October 29, according to PYMNTS. In a November 12 announcement, Binance said it had completed coverage of the affected assets, committing more than $6.34 billion of company funds. The money came from a partial use of its Secure Asset Fund for Users (SAFU), part of its futures insurance fund and its corporate treasury, and Binance said it plans to refill SAFU to about $1 billion. A new proof-of-reserves snapshot covering 198 tokens was taken at midnight UTC on November 12.

Getting the stolen coins back is slower work. US government and private-sector efforts have frozen more than $2.7 billion so far, PYMNTS reported, citing the Justice Department, and the FBI attributes the theft to a North Korean group it calls TraderTraitor. The next milestone for customers is the full reopening Binance is aiming for before the end of next week.