Live Feeds
● LIVE Updated 1h ago · 17 sources tracked

Binance customers withdraw more than $4.6 billion after crypto heist

Binance customers have withdrawn billions of dollars after a massive cryptocurrency hack. Reports on the total outflow vary, with CBS News citing figures of $4.6 billion and $7.4 billion, while CNBC and The New York Times report $3.64 billion in net outflows. Binance stated these outflows represent 3% of its total holdings and has pledged to cover losses. The exchange has also increased incentives for market makers to stabilize operations as it resumes normal transactions.

🎙️

Listen to Live Briefing

Real-time synthesized voice briefing · Live Feeds Desk

⏱ ~2 min
Speed:
RSS Source map (17)
⚡ Key Developments & Real-Time Context
Text size:
  • ✓ Binance has resumed normal transactions and withdrawal services.
  • ✓ Binance reported that net outflows represent 3% of its total holdings.
  • ✓ The FBI linked the Binance cryptocurrency hack to North Korea.
🛡️ Source Corroboration: 17 independent reporting domains (80% confidence) ⏱ Read time: ~2 min

What changed

The FBI attributed the theft to North Korea and identified the cost of the heist as between $6 billion and $6.3 billion.

Live updates

  1. Binance Customers Withdraw Billions Following Record Crypto Heist

    Binance customers have withdrawn billions of dollars after a massive cryptocurrency hack. Reports on the total outflow vary, with CBS News citing figures of $4.6 billion and $7.4 billion, while CNBC and The New York Times report $3.64 billion in net outflows. Binance stated these outflows represent 3% of its total holdings and has pledged to cover losses. The exchange has also increased incentives for market makers to stabilize operations as it resumes normal transactions.

    Why it matters

    The FBI has linked the heist to North Korea and an entity known as TraderTraitor. This event is described as the largest crypto hack in history. The scale of the theft threatens exchange stability and has weighed on Bitcoin prices.

    What is confirmed

    • Binance has resumed normal transactions and withdrawal services.
    • Binance reported that net outflows represent 3% of its total holdings.
    • The FBI linked the Binance cryptocurrency hack to North Korea.

    Still unconfirmed

    • The FBI linked the theft to an entity called TraderTraitor.

    What to watch next

    • Response from the Trump administration to North Korean denials
    • Verification of the final total loss amount
    • Impact of increased market maker incentives on exchange stability
    Sources used for this update (19)
    1. www.cbsnews.com — CBS News | Breaking news, top stories & today's latest headlines
    2. www.marketscreener.com — Global Stocks Fall on Higher Oil Prices, AI Pullback | MarketScreener
    3. www.straitstimes.com — Oil edges lower following three days of gains
    4. www.coinlive.com — Anthropic Wants Users To Stop Bullying Claude — But Who Protects The Users?
    5. srnnews.com — Netanyahu survives another day with unexpectedly clear backing of Israeli Jews
    6. cashwalklabs.io — GM will switch to Nasdaq from the NYSE on Nov. 17
    7. Fox Business — North Korea responsible for $6 billion Binance cryptocurrency hack, FBI says
    8. CNBC — Binance sees $3.64 billion in net outflows as withdrawals resume after massive hack
    9. CBS News — Binance customers withdraw more than $4.6 billion after crypto heist
    10. WSJ — Binance Heist: ‘Welcome to Our World,’ CISOs Say
    11. The New York Times — Binance Reports $3.64 Billion in Outflows as It Resumes Normal Transactions
    12. Bloomberg.com — Binance Boosts Market Maker Incentives in Wake of Record Hack
    confidence 80%
📊

Community Sentiment: How do you assess this situation?

Voice your perspective · Real-time aggregated sentiment from the Live Feeds community