Binance users withdraw $3.6bn after largest-ever crypto hack
Binance users withdrew $3.6 billion following a $6.3 billion hack, the largest in the history of the digital asset industry. The exchange initially froze transactions and suspended withdrawals on Friday to manage the breach. Binance has since returned online and resumed withdrawals, with Reuters reporting that outflows are now stabilising. The FBI has attributed the theft to North Korea, while other reports link the incident to a North Korean group.
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- ✓ Hackers stole $6.3 billion from Binance in the biggest heist in the history of the digital asset industry.
- ✓ Binance users withdrew $3.6 billion following the hack.
- ✓ The exchange suspended withdrawals on Friday and later resumed them.
- ✓ The FBI says North Korea is responsible for the $6 billion Binance cryptocurrency hack.
What changed
Binance has resumed withdrawals and seen outflows stabilise after the initial freeze.
Live updates
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Binance users withdraw $3.6bn after $6.3bn cryptocurrency heist
Binance users withdrew $3.6 billion following a $6.3 billion hack, the largest in the history of the digital asset industry. The exchange initially froze transactions and suspended withdrawals on Friday to manage the breach. Binance has since returned online and resumed withdrawals, with Reuters reporting that outflows are now stabilising. The FBI has attributed the theft to North Korea, while other reports link the incident to a North Korean group.
Why it matters
The scale of the theft represents a record breach for the cryptocurrency sector. This event triggered immediate liquidity concerns as users rushed to pull funds from the exchange.
What is confirmed
- Hackers stole $6.3 billion from Binance in the biggest heist in the history of the digital asset industry.
- Binance users withdrew $3.6 billion following the hack.
- The exchange suspended withdrawals on Friday and later resumed them.
- The FBI says North Korea is responsible for the $6 billion Binance cryptocurrency hack.
What to watch next
- Evidence of fund recovery efforts by the FBI
- Binance official statements on user reimbursement
- Further identification of the specific North Korean group involved
confidence 95%Sources used for this update (9)
- www.bbc.com — BBC Home - Breaking News, World News, US News, Sports, Business...
- The New York Times — How Binance’s $6.3 Billion Hack Went Down
- Fox Business — North Korea responsible for $6 billion Binance cryptocurrency hack, FBI says
- BBC — Binance users withdraw $3.6bn after record crypto hack
- Reuters — Binance sees outflows stabilising as exchange returns online after $6.3 billion heist
- The Guardian — Crypto ‘scammers on overdrive’ as Binance customers pull billions from accounts after $6.3bn hack – business live
- www.bbc.co.uk — Binance users withdraw $3.6bn after record crypto hack - BBC
- finance.yahoo.com — Binance resumes withdrawals following $6.3 billion breach
- finance.yahoo.com — Binance halts withdrawals after record hack; digital assets ...
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