Binance users withdraw $3.6bn after record crypto hack
Binance users withdrew a net $3.64 billion in assets after the exchange reopened on Sunday following a record-breaking cyber heist. The attack impacted $6.3 billion in digital assets, prompting Binance to freeze all transactions. The exchange has since resumed Bitcoin and Ether withdrawals after covering approximately 95% of the stolen funds. While outflows are now stabilizing, Binance has committed to covering all losses linked to the breach. The FBI and other major organizations attribute the attack to a North Korean group.
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- ✓ Binance customers withdrew a net $3.64 billion in assets as the exchange reopened on Sunday.
- ✓ The cyber attack impacted $6.3 billion worth of digital assets.
- ✓ The FBI has accused North Korea of being responsible for the hack.
- ✓ Binance has covered around 95% of the stolen assets.
What changed
Binance has resumed withdrawals and reported $3.64 billion in net outflows since reopening.
Live updates
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Binance users withdraw $3.64 billion after record $6.3 billion hack
Binance users withdrew a net $3.64 billion in assets after the exchange reopened on Sunday following a record-breaking cyber heist. The attack impacted $6.3 billion in digital assets, prompting Binance to freeze all transactions. The exchange has since resumed Bitcoin and Ether withdrawals after covering approximately 95% of the stolen funds. While outflows are now stabilizing, Binance has committed to covering all losses linked to the breach. The FBI and other major organizations attribute the attack to a North Korean group.
Why it matters
This event represents the largest hack in cryptocurrency history. The scale of the theft tested the liquidity and solvency of the world's largest exchange. Market resilience in Bitcoin has persisted despite underlying jitters regarding exchange security.
What is confirmed
- Binance customers withdrew a net $3.64 billion in assets as the exchange reopened on Sunday.
- The cyber attack impacted $6.3 billion worth of digital assets.
- The FBI has accused North Korea of being responsible for the hack.
- Binance has covered around 95% of the stolen assets.
- Binance suspended all transactions immediately following the incident.
Still unconfirmed
- The remaining 5% of stolen assets may take longer for Binance to source.
What to watch next
- Confirmation of the recovery of the remaining 5% of stolen funds
- Further FBI evidence linking the heist to specific North Korean entities
confidence 95%Sources used for this update (18)
- www.irishtimes.com — The Irish Times | Latest news and headlines - Irish news, world news ...
- www.bbc.com — BBC Home - Breaking News, World News, US News, Sports, Business...
- www.theguardian.com — AI godfather Geoffrey Hinton: ‘We’re creating alien beings. I’m willing to be selfish and choose humans’ | Donald Trump
- www.siliconrepublic.com — Silicon Republic | Technology, science and start-up news
- www.arise.tv — Ihekweazu: Nigeria Must Complete 42-Day Monitoring Before Declaring Ebola-Free
- www.myjoyonline.com — Fire outbreaks leave a trail of destruction at Bunso, Boso and Nsawam
- WSJ — Behind the Scenes of Crypto’s Biggest Nightmare: a Record-Breaking Cyber Heist
- The New York Times — How Binance’s $6.3 Billion Hack Went Down
- CNN — Notorious hacker says stolen crypto is like ‘holding a hot potato’
- Fox Business — North Korea responsible for $6 billion Binance cryptocurrency hack, FBI says
- Reuters — Binance resumes bitcoin, ether withdrawals after covering bulk of stolen $6.3 billion
- CNBC — Binance sees $3.64 billion in net outflows as withdrawals resume after massive hack
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