Binance users withdraw billions after record $6.3bn crypto hack

Binance customers withdrew over $3.6 billion from the exchange on Sunday after it reopened following a record hack that impacted $6.3 billion in digital assets, with the FBI and others blaming North Korea for the attack. The exchange had suspended all transactions after the breach, which is described as the largest hack in history. Binance says it has covered about 95% of stolen assets, with the remainder potentially taking longer to source, though it has pledged to cover all losses. Withdrawals for major cryptocurrencies like Bitcoin and Ethereum have resumed, and Binance reported an initial spike in activity that later stabilized. Additional services will be restored in phases after security checks are completed.