Summary
Binance customers withdrew more than $4.6 billion after a cyberattack, while deposits of just over $1 billion left the exchange with a net outflow of $3.64 billion. The FBI linked the theft of $6.3 billion in digital currency to North Korea-linked hackers, and Binance said it would cover the losses with company funds.
Key Facts
- Binance said withdrawals exceeded $4.6 billion after it resumed some cryptocurrency transactions on Sunday.
- Customers deposited just over $1 billion, producing a net outflow of $3.64 billion.
- Binance said the withdrawn assets represented 2.1% of its reported $171 billion in total assets.
- The FBI linked the theft of $6.3 billion in digital currency to the North Korea-linked group known as TraderTraitor.
- Binance said roughly $3 billion of the stolen assets had been frozen.
- The FBI said TraderTraitor was converting most of the stolen assets into Ethereum.
- The FBI linked TraderTraitor to a February 2025 attack on Bybit that caused a reported $1.5 billion loss.
- Binance said it would cover the full losses and had covered around 95% of the affected amount by early Sunday.
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