Binance reports $3.6 billion in outflows after $6.3 billion hack

moneycontrol.com —

Binance reported $3.6 billion in net cryptoasset outflows after restoring customer withdrawals on Sunday, following the largest cyber theft in history, a $6.3 billion hack attributed to North Korean actors. The exchange froze withdrawals Thursday to investigate and pledged full customer reimbursement. The outflow eased after an initial spike, with Binance replacing about 95% of stolen funds from its treasury and insurance reserves. The company holds $171 billion in assets, dwarfing rival OKX's $29 billion, and experts praised its rapid response and public updates. The hack, caused by a compromised employee laptop, has raised fresh security concerns across the crypto industry amid a wave of attacks this year. Major cryptocurrency prices moved less than 1% on Sunday, with Bitcoin trading around $78,000, about 5% below pre-theft levels.


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