Binance users withdraw $3.6bn after record crypto hack

Binance, the world's largest cryptocurrency exchange, witnessed a massive withdrawal of $3.64 billion from its platform after a record-breaking hack last week. The exchange was forced to halt all transactions following the incident, which affected $6.3 billion worth of digital assets. Major organizations, including the US Federal Bureau of Investigation (FBI), have accused North Korea's infamous cybercrime group, the Lazarus Group, of being responsible for the attack.

The group, also known as TraderTraitor, is alleged to have stolen a then-record $1.5 billion from another crypto exchange in 2025. Binance has assured customers that it has covered around 95% of the stolen assets, but the remaining amount may take longer to recover. The exchange has resumed withdrawals for more than two dozen major cryptocurrencies, such as Bitcoin and Ethereum, and more services will be restored in phases once security checks are completed.