Binance Users Pull Billions After Exchange Resumes Withdrawals

gizmodo.com —

Binance resumed withdrawals in phases on Sunday after hackers stole $6.3 billion, with over $6 billion in tokens flowing out of exchange-linked wallets within hours, according to DefiLlama data. The company said it covered about 95% of stolen assets using its own funds and SAFU, with major holdings fully backed. Binance reported a net outflow of roughly $3.64 billion, or 2.1% of assets under management, during the first nine-and-a-half hours. The FBI attributed the hack to North Korea's TraderTraitor group and urged DeFi services to block related transactions. Blockchain firms tracked automated laundering through THORChain and other bridges, with Elliptic noting funds moved on hourly schedules without pause.


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