Binance users withdraw $3.6bn as exchange restarts after $6.3bn heist

· Finance

Binance customers pulled $3.6bn from the crypto exchange as it restarted services following a major hack, the Financial Times reported. The group pledged to reimburse users whose assets were stolen in the heist, which has been blamed on a North Korea-linked group. The withdrawal wave is the visible market reaction to the breach at the world's largest crypto exchange by volume. The items do not specify the timing of the withdrawals beyond their link to the restart.

Why it matters：How Binance handles reimbursement and liquidity after the hack will shape trust in centralized crypto exchanges and could invite tougher scrutiny from regulators worldwide.

Key points

  • Users pulled $3.6bn as services restarted after the heist.
  • Binance pledged to reimburse users whose assets were stolen.
  • The hack has been blamed on a North Korea-linked group.

Sources (original reporting)

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