LIVE TICKER
[Live wire]Connecting to the newsroom…
← Back to the news wire
Flesch Reading Ease: 33•350 words from the publisher
WorldPublished by BBC World • 11/2/2026, 7:42:33 AMOpen Original Report (BBC World) ↗

Binance users withdraw $3.6bn after largest-ever crypto hack

Binance customers withdrew $3.64bn (£2.72bn) of assets from the world's largest cryptocurrency exchange as it reopened on Sunday following a record hack last week .

Binance users withdraw $3.6bn after largest-ever crypto hack
Image supplied by BBC World.

Reported by BBC World

Binance customers withdrew $3.64bn (£2.72bn) 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.

More from the original report

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.

"Between 06:00 and 15:30 [GMT] on November 1, we processed $4.649 billion in withdrawals and $1.01 billion in deposits, resulting in a net outflow of approximately $3.64 billion," Binance posted on X.

There was an "initial spike" in withdrawals, which later declined and "are stabilising as expected", it added.

Sunday's net withdrawals account for just over 2% of the $171bn of assets under its management, said Binance.

The firm said last week that it has reserved more than $6.34bn in funds, to deal with ​the fallout of the attack.

Binance also said withdrawals of more than two dozen major cryptocurrencies like Bitcoin and Ethereum have resumed and that more services will resume in phases once security checks are completed.

AI discovered a massive cyber-security flaw - here's what happened

The attack on Binance has been attributed to TraderTraitor, a North Korean cybercrime group also known as the Lazarus Group, which stole a then-record $1.5bn from crypto exchange Bybit in 2025 .

The FBI on Saturday published a list of cryptocurrency wallet addresses linked to the group and urged partners in the industry to help by blocking transactions involving them.

The exchange scrambled to urge cryptocurrency issuers to freeze affected assets.

Binance said last week that early checks suggest the incident may have started with a compromised laptop that belonged to an engineer, allowing hackers to find a way to make unauthorised transactions.

The hack hit Binance's…

Original Source Attribution
Published via BBC World • Source domain: bbc.com
Visit Original Source (BBC World) ↗

Client & Community Discussion (0 Comments)

Share your benchmark feedback, workflow questions, or implementation notes below.

● Live Comments Open
Instant publication • Moderated for technical relevance