Binance clients withdrew billions of dollars after attack

02.11.2026 21:25 HotInfo

Cryptocurrency exchange Binance recorded a massive outflow of funds after withdrawals were resumed. Within a few hours, clients withdrew more than $3.6 billion from the platform, while according to other data the total amount of withdrawals exceeded $4.5 billion. novinky.cz ↗

Binance suspended withdrawals after a hacker attack in which attackers stole digital assets worth $6.3 billion in approximately 20 minutes. The exchange subsequently made withdrawals available again and stated that it would replace the stolen funds. According to available data, it has already covered approximately 95 percent of the losses caused by the attack. El Pais ↗

The scale of the theft raised concerns about the security of the world's largest cryptocurrency exchange. According to several reports, the attackers were allegedly helped by a trick involving 50 digital signatures. Security analysts also described the incident as a case of exploitation of so-called agentic attack techniques. sme.sk ↗

According to reports, the attack was likely carried out by the North Korean hacking group Lazarus, which is linked to Kim Jong-un's regime. North Korea is said to use extensive cyber operations to obtain funds despite international sanctions. El Mundo ↗

After withdrawals resumed, Binance also recorded a return of deposits, but the attack damaged client trust. Further developments will depend on the success of the investigation, the tracking of stolen assets, and the exchange's ability to convince users of the security of its services. Tagesschau ↗