BLOOMBERG LAW · 2026-11-02 11:45 UTC

Binance Outflows Reach $4.7 Billion After North Korea Hack (1)

Binance suffered a $6.4 billion cyber theft attributed by the FBI to North Korean hackers, detected Thursday evening. Net withdrawals from Binance reached $4.7 billion by Monday, representing less than 3% of the exchange's $166 billion in assets. The exchange froze withdrawals after the hack and restored them on Sunday.

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