Binance Customers Withdraw $5 Billion After Record $6.3 Billion Hack
Binance customers have withdrawn approximately $5 billion since the exchange resumed withdrawals on Sunday, following a $6.3 billion hack attributed by the FBI to a North Korean-linked hacker group. The theft occurred Thursday night, prompting Binance to freeze withdrawals. The company worked to repair its platform and investigate the breach before gradually restoring services. Data from DefiLlama shows net withdrawals of $4.9 billion, nearly 3% of assets held before the hack. Binance has pledged to compensate affected customers, establishing a fund covering 95% of stolen assets. The FBI identified the attackers as TraderTraitor, a group previously linked to a $1.5 billion theft from Bybit last year.