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Binance says exit rush slowing down as users weigh security risk
The exchange said 95% of stolen assets have been replenished as it works to restore full withdrawal services and reassure customers.
- On Sunday, November 1, Binance partially resumed withdrawals following a $6.3 billion cyberattack, processing $3.64 billion in net outflows over 9.5 hours, equivalent to 2.1% of its $171 billion in assets.
- The FBI attributed the October 29 attack, which unfolded in around 20 minutes, to the North Korean state-sponsored unit TraderTraitor, with investigators identifying hundreds of blockchain addresses connected to the group.
- Binance covered 95% of stolen assets using its corporate treasury and Secure Asset Fund for Users, while stablecoin issuer Circle froze more than $1.1 billion in USDC linked to the breach.
- Bitcoin and ether rebounded from multi-week lows on Monday, while combined stablecoin market capitalizations fell about $1.2 billion since Friday as withdrawal volumes stabilized.
- Co-CEO Richard Teng announced a comprehensive infrastructure overhaul and full security review following the breach, seeking to restore institutional confidence amid debate over whether the incident represents systemic vulnerability.
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Binance clients pull $4.7 billion after hack | Honolulu Star-Advertiser
SINGAPORE/PARIS/NEW YORK >> Binance’s customers have withdrawn a net $4.72 billion from the world’s biggest cryptocurrency exchange since it reopened, after hackers stole around $6.3 billion of crypto from the platform in what could be the largest-ever financial heist.
·Honolulu, United States
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Binance's customers have withdrawn about $4.7 billion (€4.214 million) from the platform after it suffered last week from a...
·Madrid, Spain
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Seit die angegriffene Kryptobörse Binance Auszahlungen wieder zulässt, wurden mehr als viereinhalb Milliarden Dollar abgezogen. Auch die Einzahlungen steigen
Coverage Details
Total News Sources171
Leaning Left14Leaning Right18Center34Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 21%
C 52%
R 27%
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