Binance clients withdraw $3.6 billion after cyberattack

Following a major cyberattack, clients withdrew over $3.6 billion from the Binance cryptocurrency exchange. Circle also blocked over $1.1 billion in USDC stablecoins linked to the incident. The exchange suffered a net outflow of $3.64 billion on November 1, as withdrawals hit $4.65 billion against deposits of $1.01 billion. This represents about 2.1% of Binance's approximately $171 billion in assets. Withdrawal access was restored gradually, with all 15 networks operational by 12:36 UTC. Founder Changpeng Zhao stated 98% of users remained, while Circle's blocked amount grew from an initial $800 million.