Binance sees spike in withdrawals as exchange returns online after US$6.3 billion heist
Analysts believe the incident may be the biggest financial robbery ever
Binance, the world's largest cryptocurrency exchange, observed a significant increase in withdrawals after recovering online following a US$6.3 billion heist. The exchange returned operational status on Sunday (Nov 1) after hackers, allegedly tied to North Korea, stole billions from the platform the previous week. Binance reported a temporary spike in withdrawal activities, followed by a stabilization phase, while deposit volumes remained substantial.
The exchange has now covered 95 percent of the stolen assets. Analysts speculate this may be the biggest financial robbery ever, adding to recent crypto thefts. The withdrawal levels serve as an initial gauge of customer trust in the exchange post-attack.
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