Binance users withdraw billions after record crypto hack
Summary
Binance reopened on Sunday after suspending transactions following a hack involving $6.3bn in digital assets. Customers withdrew more than $3.6bn, and the company said it had covered about 95% of the stolen assets and would cover all losses.Key Facts
- Binance is the world’s largest cryptocurrency exchange.
- The exchange suspended all transactions after the hack last week.
- The breach affected $6.3bn worth of digital assets.
- Customers withdrew more than $3.6bn in assets after Binance reopened.
- Binance said the initial surge in withdrawals later declined and was stabilising.
- Withdrawals for Bitcoin and Ethereum resumed, with other services set to return in phases after security checks.
- The FBI and other organisations accused North Korea of carrying out the attack.
- Binance said it had covered about 95% of the stolen assets and that sourcing the remainder may take longer.
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