GoKawiilBinance sees $3.6bn in withdrawals after reopening post-hack
Binance customers pulled a net $3.64bn from the exchange on Sunday as trading resumed following a suspension triggered by what is thought to be the largest crypto hack ever, affecting $6.3bn in assets. The FBI and other bodies have blamed North Korea for the breach, and Binance says it has covered about 95% of the stolen funds while vowing to cover the rest.
GoKawiil's interpretation of the reporting above, not reported fact.
The scale of withdrawals, even if only about 2% of assets under management, signals how quickly user confidence can be tested after a major security breach at a dominant exchange. Chainalysis says stolen funds are still being actively laundered across thousands of addresses, suggesting recovery of the remaining losses could be slow and complicated, which may keep pressure on Binance's reserves and reputation.
- Binance processed $3.64bn in net withdrawals in hours after reopening
- FBI and others have attributed the hack to North Korea
- Binance says it has covered 95% of the $6.3bn stolen and pledges to cover the rest
Ledger Nano X hardware wallet — After a hack of this scale, self-custody is looking a lot more appealing than leaving assets on an exchange. The Ledger Nano X lets you store crypto offline, keeping private keys away from exchange-level breaches like the one Binance just suffered. It's a practical step for anyone rattled by headlines about billions vanishing from centralized platforms.
See Ledger Nano X hardware wallet on Amazon → Affiliate link — we may earn a commission on purchases, at no extra cost to you. Product picked by AI based on this article; it is not a tested recommendation.Source: bbc.co.uk — Watch Our Pick Of Standout Clips Across The Bbc, 2026-11-02
Published there as: “Binance users withdraw $3.6bn after largest-ever crypto hack”
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