{
  "id": 17667470,
  "title": "Binance sees spike in withdrawals as exchange returns online after $6.3 billion heist",
  "url": "https://urgent.news/2026/11/01/binance-sees-spike-in-withdrawals-as-exchange-returns-online-after-6",
  "topic": "world",
  "section": "World",
  "published": "2026-11-01T20:00:52.000Z",
  "source": {
    "name": "Daily Maverick",
    "slug": "daily-maverick",
    "url": "https://www.dailymaverick.co.za/article/2026-11-01-binance-sees-spike-in-withdrawals-as-exchange-returns-online-after-63-billion-heist/"
  },
  "original_language": "en",
  "account": "Binance customers withdrew $3.64 billion, or 2.1% of its assets, as the world's largest cryptocurrency exchange resumed operations on Sunday following a $6.3 billion heist, according to Reuters. The FBI identified the hackers as North Korean state-sponsored unit TraderTraitor, who allegedly stole billions from the platform last week.\n\nBinance reported that withdrawals were stabilizing after an initial spike, while deposit volumes remained substantial. The exchange has now recovered 95% of the stolen assets. Analysts believe this may be the biggest financial robbery ever, adding to a string of recent crypto thefts.\n\nThe withdrawal levels serve as an initial test of whether customers continue to trust the exchange with their money after the attack. Crypto analytics platform DefiLlama reported higher outflows at $4.36 billion, but Binance stated the figure was closer to accurate.\n\nBinance plans to carry out the withdrawal rollout in phases, prioritizing user demand. The first phase covered 15 tokens, including Bitcoin, Ether, USDC, USDT, and Dogecoin. The remaining 5% of stolen tokens are less liquid and may take longer to source.\n\nThe FBI confirmed North Korea's involvement in the attack, while US President Donald Trump later said it was unclear if North Korea was involved. Binance, founded in China, vowed to bear the financial cost of the hack and has set aside $6.34 billion to cover the losses.",
  "summary": "Nov 1 (Reuters) - Binance customers pulled $3.64 billion, or 2.1% of its assets, as the world's biggest cryptocurrency exchange went back online on Sunday after hackers the FBI links to North Korea stole billions from the platform last week.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Arabian Post",
        "title": "Binance schedules phased withdrawals following $6.3 billion theft",
        "url": "https://urgent.news/2026/11/01/binance-schedules-phased-withdrawals-following-6-3-billion-theft",
        "published": "2026-11-01T08:56:33.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}