NYPOST · 2026-11-02 15:31 UTC

Binance sees $4.7B in customer withdrawals after stunning North Korea hack

Binance experienced a $6.4 billion hack by North Korean state-backed group TraderTraitor, the largest bank heist in history according to the FBI. The exchange saw $4.7 billion in customer withdrawals after resuming them Sunday, representing 3% of total assets, with withdrawal levels stabilizing. Binance has covered 95% of losses using company funds and its SAFU reserve, committing to bear all financial impact without passing losses to users.

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