Binance customers withdraw $7.42 billion after crypto heist

What happened: Binance customers withdrew more than $4.6 billion after the exchange suffered a crypto heist. Binance said deposits of just over $1 billion followed the resumption of withdrawals on Sunday. Key numbers: Net outflow $3.64 billion. Withdrawals equal 2.1% of $171 billion in total assets. Why it matters: The FBI linked the attack to North Korea and the "TraderTraitor" group, which it said was converting stolen assets into Ethereum to hide its tracks. Binance said it will cover the full losses using company funds. Coverage: 15+ outlets in 24h

Binance customers withdrew more than $4.6 billion after the exchange suffered a crypto heist. Binance said deposits of just over $1 billion followed the resumption of withdrawals on Sunday.

The FBI linked the attack to North Korea and the "TraderTraitor" group, which it said was converting stolen assets into Ethereum to hide its tracks. Binance said it will cover the full losses using company funds.