Binance Users Withdraw $3.6 Billion After a Record $6.3 Billion Crypto Hack, BBC Reports

Binance customers withdrew a net $3.64 billion from the world's largest cryptocurrency exchange as it reopened on Sunday, November 1, following a record hack last week that affected $6.3 billion worth of digital assets, the BBC reported. The firm had suspended all transactions in the wake of the incident, described as the largest hack in history.

Binance said that between 06:00 and 15:30 GMT on November 1 it processed $4.649 billion in withdrawals and $1.01 billion in deposits, for a net outflow of about $3.64 billion — just over 2 percent of the $171 billion in assets it says it manages. The company said there was an initial spike in withdrawals that later declined and was stabilising as expected, and that withdrawals in major cryptocurrencies such as Bitcoin and Ethereum have resumed, with more services returning in phases after security checks.

The company said it has covered around 95 percent of the assets stolen in the breach and has repeatedly said it will cover all losses linked to the attack, though the remaining amount may take longer to source. Binance's separate platform for customers in the United States said it was not affected, and early findings point to a compromised engineer's laptop as the possible starting point of the attack, according to the BBC's reporting.

Major organisations, including the U.S. Federal Bureau of Investigation, have accused North Korea of being responsible for the cyber-attack. The group named in coverage is TraderTraitor, also known as the Lazarus Group, which was blamed for stealing a then-record $1.5 billion from the Bybit exchange in 2025, and the FBI on Saturday published a list of cryptocurrency wallet addresses linked to the group, urging industry partners to block transactions involving them.