Binance outflows stabilize after $6.3 billion North Korea-linked heist

Binance customers withdrew $3.64 billion, or 2.1% of its assets, after the exchange resumed service following a $6.3 billion security breach linked to North Korea, though the company said outflows were stabilizing. The exchange, which has 335 million users and $171 billion in assets, covered 95% of stolen tokens by buying replacements. Bitcoin recovered to above $78,000 after hitting a six-week low, while stablecoin capitalizations and spot bitcoin ETFs saw significant outflows. The FBI attributed the attack to North Korean state-sponsored unit TraderTraitor, though President Donald Trump said it remained unclear if Pyongyang was involved. Analysts called it potentially the world's largest financial robbery, adding to a string of recent crypto thefts.