Binance Users Withdraw $3.6 Billion After Record Crypto Heist Linked to North Korea

Binance has resumed normal transactions and customer withdrawals following a massive cyberattack that saw $6.3 billion in digital assets stolen. The exchange reported significant outflows, with users withdrawing approximately $3.6 billion in the immediate aftermath of the incident. Investigations are increasingly pointing towards a North Korean state-backed hacking group, identified by the FBI as "TraderTraitor," as the perpetrators of the record-breaking heist.

While Binance has stated it has recovered 95% of the stolen funds and pledged to fully reimburse affected users, the scale of the breach has prompted a wider industry review of security protocols. The FBI noted that the hackers were observed converting stolen tokens to Ethereum and preparing for further laundering, highlighting the sophisticated nature of the attack. The incident marks the largest cryptocurrency theft to date and underscores ongoing concerns about state-sponsored cybercrime in the digital asset space.

15 stories · 10 sources

Sources

  1. Binance users withdraw $3.6bn after record crypto hack — BBC Business,
  2. Binance Reports $3.64 Billion in Outflows as It Resumes Normal Transactions — New York Times Business,
  3. Binance resumes withdrawals following $6.3 billion breach — TechCrunch,
  4. North Korea linked to massive Binance crypto heist — The Verge,
  5. Binance restarts customer withdrawals after $6.3bn heist — Financial Times - Technology,
  6. Binance says 90% of losses from $6.3bn hack covered as FBI says North Korea behind attack — The Guardian World,
  7. Binance says 90% of $6.3 billion hack losses are now covered, plans to resume withdrawals Sunday — Reddit - Technology,
  8. North Korean Hackers May Have Stolen Billions. It Wouldn’t Be Their First Heist. — New York Times World,
  9. Binance CEO says 90 percent of stolen assets have been ‘replenished’ — The Verge,
  10. Crypto firm Binance covers 90% of losses after $6.3bn hack — BBC World,
  11. Majority of funds stolen in cryptocurrency hack replenished, Binance says — Sky News World,
  12. How Binance’s $6.3 Billion Hack Went Down — New York Times Business,
  13. North Korea Has Stolen USD 12.8 Billion in Crypto, USD 7.4 Billion of It in 2026 — Reddit - Technology,
  14. Crypto exchanges rush to tighten security after $6.3bn Binance heist — Financial Times - Technology,
  15. Why North Korea's 'elite' hackers are the prime suspect in major Binance hack — BBC World,
#binance #hack #north-korea

Other digests