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Binance saw $3.6B of net outflows after restoring withdrawals following a $6.3B hack, crypto's biggest ever, but the run did not become a wider exchange exodus. The FBI and blockchain analysts attribu

Binance's $3.6 billion outflow follows a $6.3 billion crypto hack, signaling systemic risk.

What happened: Binance recorded $3.6 billion in net outflows after restoring customer withdrawals on Sunday, following a $6.3 billion cyber theft attributed by the FBI to North Korean hackers. Key numbers: $3.6 billion net outflows; $6.3 billion stolen across 10 blockchains; about 95% of stolen crypto replaced; $171 billion in Why it matters: The withdrawals have not triggered a wider exodus, and experts cited by the report praised Binance's quick response and public updates. The incident renewed concerns about security of digital assets and risks of relying on centralised exchanges. Coverage: 13 outlets in 24h
Binance recorded $3.6 billion in net outflows after restoring customer withdrawals on Sunday, following a $6.3 billion cyber theft attributed by the FBI to North Korean hackers.
The withdrawals have not triggered a wider exodus, and experts cited by the report praised Binance's quick response and public updates. The incident renewed concerns about security of digital assets and risks of relying on centralised exchanges.
Sources