{
  "id": 17775103,
  "title": "$3.6bn pulled from Binance after multibillion-dollar heist",
  "url": "https://urgent.news/2026/11/02/3-6bn-pulled-from-binance-after-multibillion-dollar-heist",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-02T09:07:59.000Z",
  "source": {
    "name": "Silicon Republic",
    "slug": "silicon-republic",
    "url": "https://www.siliconrepublic.com/business/3-6bn-pulled-from-binance-after-multibillion-dollar-heist"
  },
  "original_language": "en",
  "account": "A multibillion-dollar cyber heist has resulted in $3.6bn being withdrawn from Binance, the world's largest cryptocurrency exchange. North Korean hackers, believed to be part of the state-supported TraderTraitors group, stole an estimated $6.3bn in crypto assets during the attack that took just 20 minutes to execute. Binance froze about $3bn in assets immediately following the hack, and deposit and withdrawal volumes have now stabilized after a brief spike. The exchange has processed $4.6bn in withdrawals and over $1bn in deposits within nine hours, resulting in a net outflow of $3.6bn, or 2.1pc of its $171bn in assets under management. Binance has covered 90pc of the lost funds through its security fund, futures insurance fund, and corporate treasury, but legal experts warn customers may face significant challenges in recovering their funds due to Binance's liability limits and the volatile value of Bitcoin.",
  "summary": "The net outflow represents 2.1pc of Binance's total $171bn in assets under management. 6bn pulled from Binance after multibillion-dollar heist",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "The National Business",
        "title": "How the Binance heist raises regulatory and investment questions",
        "url": "https://urgent.news/2026/10/31/how-the-binance-heist-raises-regulatory-and-investment-questions",
        "published": "2026-10-31T04:00:00.000Z"
      },
      {
        "outlet": "CBS News",
        "title": "Binance resumes withdrawals for some cryptocurrencies after heist",
        "url": "https://urgent.news/2026/11/01/binance-resumes-withdrawals-for-some-cryptocurrencies-after-heist",
        "published": "2026-11-01T10:35:55.000Z"
      },
      {
        "outlet": "Al Jazeera",
        "title": "Binance restarts withdrawals after $6.3bn heist",
        "url": "https://urgent.news/2026/11/01/binance-restarts-withdrawals-after-6-3bn-heist",
        "published": "2026-11-01T12:50:55.000Z"
      },
      {
        "outlet": "Dhaka Tribune Business",
        "title": "Binance heist: How were cryptocurrency billions stolen?",
        "url": "https://urgent.news/2026/11/01/binance-heist-how-were-cryptocurrency-billions-stolen",
        "published": "2026-11-01T17:57:23.000Z"
      },
      {
        "outlet": "Hindustan Times - World News",
        "title": "As Binance crisis unfolded, 7-month-pregnant co-CEO took 3 am calls, led 100-person war room to tackle heist",
        "url": "https://urgent.news/2026/11/02/as-binance-crisis-unfolded-7-month-pregnant-co-ceo-took-3-am-calls",
        "published": "2026-11-02T03:31:05.000Z"
      }
    ]
  },
  "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."
}