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 detected a surge in withdrawals after returning online following a US$6.3 billion heist orchestrated by hackers allegedly linked to North Korea, according to analysts. The exchange saw customers withdraw US$3.64 billion, accounting for 2.1% of its assets, as it came back online on Sunday (Nov 1) after the cyber attack last week.
Binance stated that withdrawal levels stabilized after an initial spike, while deposit volumes remained substantial. The company claimed to have covered 95% of the stolen assets' value, amounting to US$6.3 billion. The heist is believed to be the largest financial robbery ever, adding to a series of recent crypto thefts. Binance emphasized that withdrawal levels serve as an early indicator of customer trust in the platform post-attack.
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