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Binance users withdraw billions after record crypto hack

BBC News •
November 02, 2026 • 12:26 AM
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The exchange froze transactions in the wake of the incident, which impacted $6.3bn worth of digital assets.

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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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Same Story from Other Publications

Compare how 6 other independent news outlets reported on this story.

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Ars Technica
1w ago
Binance says hackers who stole billions in crypto spent months planning heist

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The Next Web (TNW)
1w ago
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Al Jazeera English
1w ago
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1w ago
Fake jobs and malicious code used by hackers in largest crypto-heist

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NPR News
1w ago
A Binance engineer thought he was interviewing for a job. Then the hackers pounced

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