{
  "id": 17740027,
  "title": "$3.64 bn pulled from world's largest crypto exchange Binance after $6.3 bn heist",
  "url": "https://urgent.news/2026/11/02/3-64-bn-pulled-from-worlds-largest-crypto-exchange-binance-after-6-3",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T02:25:48.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/business/international-business/3-64-billion-pulled-from-worlds-largest-crypto-exchange-binance-after-6-3-billion-heist/articleshow/135442021.cms"
  },
  "original_language": "en",
  "account": "Over the weekend, customers withdrew $3.64 billion from Binance following a $6.3 billion hack, which prompted an initial wave of withdrawals as users sought to safeguard their assets. Binance stated that this outflow represented around 2.1% of its total assets, which stood at $171 billion as of October 28. Despite the initial surge, deposit volumes remained substantial.\n\nAri Redbord, the global head of policy at blockchain intelligence firm TRM Labs, noted that the withdrawals were more likely a precautionary measure than a large-scale capital flight. The pace of withdrawals is currently under scrutiny, serving as an early indicator of whether users maintain trust in the platform following what is considered one of the largest cryptocurrency thefts on record.\n\nBinance has attempted to allay fears by revealing that it has replaced approximately 95% of the stolen assets, spending about $6 billion to purchase replacement tokens. The remaining 5% consists of less liquid cryptocurrencies, which may take longer to acquire in sufficient quantities. The exchange gradually resumed withdrawals on Sunday, initially permitting transactions involving 15 cryptocurrencies including Bitcoin, Ether, XRP, Dogecoin, and stablecoins such as USDT and USDC. Binance prioritized tokens based on user demand over the past week.\n\nHowever, Binance disputed figures reported by DefiLlama, which stated that withdrawals amounted to $5.81 billion, suggesting these figures did not account for certain deposits into Binance's new hot wallet. A Binance spokesperson confirmed that their last update, as shared on X, was the most accurate.\n\nEven as the broader cryptocurrency market showed signs of recovery, with Bitcoin trading above $78,000 and Ether nearing $2,287, the combined market capitalization of the two largest stablecoins, USDT and USDC, fell by around $1.2 billion since Friday. Binance has pledged to bear the financial burden of the breach, setting aside around $6.34 billion from its corporate treasury, Futures Insurance Fund, and Secure Asset Fund for Users (SAFU).",
  "summary": "Customers withdrew substantial amounts from Binance following a significant security breach that resulted in a major cryptocurrency theft. Despite initial panic, Binance reassured users and resumed withdrawal services for several cryptocurrencies. The exchange replaced nearly all stolen assets, utilizing its own funds for the recovery. Meanwhile, the broader cryptocurrency market showed signs of…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 10,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "FBI says N. Korea responsible for over $6 bil. crypto theft from Binance",
        "url": "https://urgent.news/2026/10/31/fbi-says-n-korea-responsible-for-over-6-bil-crypto-theft-from-binance",
        "published": "2026-10-31T23:07:04.000Z"
      },
      {
        "outlet": "Al Jazeera",
        "title": "FBI blames North Korea for record $6.3bn crypto heist",
        "url": "https://urgent.news/2026/11/01/fbi-blames-north-korea-for-record-6-3bn-crypto-heist",
        "published": "2026-11-01T02:28:38.000Z"
      },
      {
        "outlet": "The Times of Israel",
        "title": "FBI blames North Korea for stealing billions from world’s largest crypto firm",
        "url": "https://urgent.news/2026/11/01/fbi-blames-north-korea-for-stealing-billions-from-worlds-largest",
        "published": "2026-11-01T04:31:13.000Z"
      },
      {
        "outlet": "The Vibes",
        "title": "North Korea blamed for record US$6.3b Binance crypto theft, FBI says",
        "url": "https://urgent.news/2026/11/01/north-korea-blamed-for-record-us-6-3b-binance-crypto-theft-fbi-says",
        "published": "2026-11-01T04:58:00.000Z"
      },
      {
        "outlet": "IOL",
        "title": "North Korea accused of R100 billion crypto heist as FBI names suspected hackers",
        "url": "https://urgent.news/2026/11/01/north-korea-accused-of-r100-billion-crypto-heist-as-fbi-names",
        "published": "2026-11-01T09:42:00.000Z"
      },
      {
        "outlet": "CoinDesk",
        "title": "Binance opens crypto withdrawals in phases starting with bitcoin following $6.3 billion hack",
        "url": "https://urgent.news/2026/11/01/binance-opens-crypto-withdrawals-in-phases-starting-with-bitcoin",
        "published": "2026-11-01T10:35:42.000Z"
      },
      {
        "outlet": "Live Mint",
        "title": "Binance's $6.3 billion crypto heist: What to know about TraderTraitor, North Korea's hacking group accused of the hack",
        "url": "https://urgent.news/2026/11/01/binances-6-3-billion-crypto-heist-what-to-know-about-tradertraitor",
        "published": "2026-11-01T17:13:36.000Z"
      },
      {
        "outlet": "Techmeme",
        "title": "A look at Binance's efforts to contain the hack, including creating a global war room of ~100 people, coordinating with other crypto firms and the FBI, and more (Bloomberg)",
        "url": "https://urgent.news/2026/11/02/a-look-at-binances-efforts-to-contain-the-hack-including-creating-a",
        "published": "2026-11-02T00:15:01.000Z"
      },
      {
        "outlet": "People Daily Kenya",
        "title": "US probes Ksh779B Binance crypto theft amid warning to Kenyans over ghost students fraud",
        "url": "https://urgent.news/2026/11/02/us-probes-ksh779b-binance-crypto-theft-amid-warning-to-kenyans-over",
        "published": "2026-11-02T04:03:51.000Z"
      }
    ]
  },
  "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."
}