Digital asset holders moved funds after the platform resumed activity on Sunday following a historic breach involving $6.3bn in digital assets. The incident, which the FBI attributed to North Korea, prompted emergency transaction suspensions across the entire exchange. Binance confirmed it has already reimbursed approximately 95% of the impacted funds while working to secure the remainder. The initial surge in withdrawal activity has started to stabilize as services for major tokens like Bitcoin and Ethereum reopen in phases.
Key points
Binance promised to cover all customer losses resulting from the historic cyber attack.: Binance promised to cover all customer losses resulting from the historic cyber attack.
Approximately 95% of the stolen digital assets have already been covered by the exchange.: Approximately 95% of the stolen digital assets have already been covered by the exchange.
Outflows have begun to stabilize as the platform restores withdrawal services for major t…: Outflows have begun to stabilize as the platform restores withdrawal services for major tokens.
Sources checked by our analysis pipeline: 1
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Binance customers withdrew more than $3.6bn (£2.7bn) of assets from the world's largest cryptocurrency exchange as it reopened on Sunday following a record hack last week.
The firm suspended all transactions in the wake of the incident, which impacted $6.3bn worth of digital assets.
Major organisations, including the US Federal Bureau of Investigation (FBI), have accused North Korea of being responsible for the cyber attack, which is said to be the largest hack in history.
The company said it has covered around 95% of the assets stolen in the breach, but that the remaining amount may take longer to source. Binance has repeatedly said it would cover all of the losses linked to the attack.
There was an "initial spike" in withdrawals, which later declined and "are stabilising as expected", Binance posted on X.
It added that withdrawals for major cryptocurrencies like Bitcoin and Ethereum have resumed and that more services will resume in phases once security checks are completed.
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