BLOOMBERG LAW · 2026-11-01 18:17 UTC

Binance Details $3.6 Billion in Net Outflows After Cyber Theft

Binance experienced a $3.6 billion net outflow in crypto assets after restoring customer withdrawals following a $6.3 billion cyber theft attributed to North Korean hackers. The exchange froze withdrawals on Thursday to investigate and stabilize, then reopened them on Sunday with outflows easing after an initial spike. Binance pledged to reimburse all customers in full for the theft.

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