Customers withdrew $3.6 billion (£2.7 billion) from Binance, the largest cryptocurrency exchange in the world, when it reopened on Sunday after what is thought to be the worst hack in history. Following the incident, which affected $6.3 billion worth of digital assets, the company halted all transactions. The US Federal Bureau of Investigation (FBI) and other prominent organisations have accused North Korea of being behind the cyberattack. About 95% of the assets taken in the incident have been covered, according to the company, but it might take longer to find the remaining amount. Binance has stated time and again that it will pay for all losses associated with the hack.
Binance stated on X: “Between 06:00 and 15:30 [GMT] on November 1, we processed $4.649 billion in withdrawals and $1.01 billion in deposits, resulting in a net outflow of approximately $3.64 billion.” Withdrawals “are stabilising as expected” after a “initial spike” and subsequent fall. According to Binance, Sunday’s net withdrawals make up slightly more than 2% of the $171 billion in assets it manages. The company announced last week that it has set aside almost $6.3 billion to deal with the attack’s aftermath.
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