{
  "id": 17747156,
  "title": "Binance sees outflows stabilising as exchange returns online after $6.3 billion heist",
  "url": "https://urgent.news/2026/11/02/binance-sees-outflows-stabilising-as-exchange-returns-online-after-6-17747156",
  "topic": "science",
  "section": "Science",
  "published": "2026-11-02T05:07:34.000Z",
  "source": {
    "name": "The Hindu - Sci-Tech",
    "slug": "the-hindu-sci-tech",
    "url": "https://www.thehindu.com/sci-tech/technology/binance-sees-outflows-stabilising-as-exchange-returns-online-after-63-billionheist/article71655210.ece"
  },
  "original_language": "en",
  "account": "Binance, the world's largest cryptocurrency exchange, experienced a significant security breach resulting in a $6.3 billion heist linked to North Korea. The exchange saw $3.64 billion in outflows, or 2.1% of its assets, as customers pulled their funds after the attack. Binance was able to cover 95% of the stolen assets by using its money to buy replacement tokens. Withdrawal levels are an early indicator of customer trust in the platform following the incident. Despite the setback, Binance reported that deposit volumes remained substantial. Bitcoin prices recovered after hitting a six-week low, and Ether also experienced a slight recovery. Binance has 335 million registered users globally and $171 billion in total assets under management. The security breach adds to a string of recent crypto thefts, with attackers stealing $2.9 billion worth of cryptocurrency across nearly 150 incidents last year.",
  "summary": "US President Donald Trump, however, later on Saturday said it remained unclear whether North Korea was involved",
  "key_points": [
    "Binance experienced a $6.3 billion heist linked to North Korea.",
    "$3.64 billion in outflows as customers withdrew funds post-attack.",
    "Binance covered 95% of stolen assets using its money."
  ],
  "editors_take": "Stabilizing withdrawal levels suggest that Binance is successfully rebuilding user confidence despite the massive capital loss and the increasing frequency of large-scale security breaches across the cryptocurrency industry.",
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Binance sees outflows stabilising as exchange returns online after $6.3 billion heist",
        "url": "https://urgent.news/2026/11/02/binance-sees-outflows-stabilising-as-exchange-returns-online-after-6",
        "published": "2026-11-02T02:24:25.000Z"
      },
      {
        "outlet": "Economic Times Tech",
        "title": "Binance sees outflows stabilising as exchange returns online after $6.3 billion heist",
        "url": "https://urgent.news/2026/11/02/binance-sees-outflows-stabilising-as-exchange-returns-online-after-6-17733526",
        "published": "2026-11-02T02:45:13.000Z"
      },
      {
        "outlet": "The Indian Express",
        "title": "Binance sees outflows stabilising as exchange returns online after $6.3 billion heist",
        "url": "https://urgent.news/2026/11/02/binance-sees-outflows-stabilising-as-exchange-returns-online-after-6-17737156",
        "published": "2026-11-02T03:42:46.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "Binance sees outflows stabilising as exchange returns online after US$6.3 billion heist",
        "url": "https://urgent.news/2026/11/02/binance-sees-outflows-stabilising-as-exchange-returns-online-after-us",
        "published": "2026-11-02T03:47:40.000Z"
      }
    ]
  },
  "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."
}