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Binance sees US$3.64B in withdrawals after US$6.3B hack linked to North Korea

Binance experienced a significant surge in customer withdrawals, totaling US$3.64 billion, following a US$6.3 billion hack. The exchange has since resumed operations and reported that withdrawals are stabilizing, with 95% of the stolen assets covered. The FBI attributes the hack to North Korea, marking it as potentially the largest financial robbery in history and adding to a recent trend of crypto thefts. AI

RANK_REASON The article reports on a security incident and its immediate aftermath for a cryptocurrency exchange, which falls under tools/services.

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Binance sees US$3.64B in withdrawals after US$6.3B hack linked to North Korea

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Tool
The article reports on a security incident and its immediate aftermath for a cryptocurrency exchange, which falls under tools/services.
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COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · Reuters ·

    Binance sees spike in withdrawals as exchange returns online after US$6.3 billion hack

    Binance customers pulled US$3.64 billion, or 2.1 per cent of ⁠its assets, as the world’s biggest cryptocurrency exchange went back online on Sunday after hackers the FBI links to North Korea stole billions from the platform last week. Binance said withdrawals were stabilising aft…