Binance users pull $3.6bn after record $6.3bn hack

bbc.com —

Binance customers withdrew over $3.6bn from the cryptocurrency exchange on Sunday as it reopened after a record hack that impacted $6.3bn in digital assets. The exchange froze all transactions following the breach, which the FBI and other major organisations have attributed to North Korea. Binance said it has covered about 95% of stolen assets and pledged to cover all losses, noting an initial withdrawal spike that later stabilised. Withdrawals for major cryptocurrencies like Bitcoin and Ethereum have resumed, with more services to follow after security checks. The hack targeted Binance.com, not its US platform, and may have originated from a compromised engineer's laptop. The withdrawn amount is a fraction of Binance's over $160bn in custody assets.


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Binance users pull $3.6bn after record $6.3bn hack | News Minimalist