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cryptoBinancecybersecurityNorth Korea
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Related tickers and likely impact
BNB/USDT
• NeutralBNB
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Exchange tokens |
| Market cap | $92.9B |
| Close on 11/01/2026 | 712.69 |
| Change that session | +1.24% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- FBI Blames North Korea for $6B Binance Hack as Exchange Reopens Withdrawals
The FBI said North Korea's TraderTraitor was behind the theft of more than $6 billion from Binance and published hundreds of linked addresses. Binance began restoring withdrawals on Sunday, processing $4.649 billion in withdrawals and $1.01 billion in deposits in the first nine and a half hours, a net outflow of about $3.64 billion, or 2.1% of the $171 billion in assets reported in its latest proof of reserves. The FBI said the hackers mainly converted stolen assets into Ethereum and were expected to launder funds through DeFi and instant swap services, urging businesses to block transactions tied to hundreds of Ethereum addresses, 19 Bitcoin addresses and one Solana address. Chainalysis said more than $500 million had moved through Tron, while CEO Richard Teng said Binance had replenished about 95% of affected assets and would absorb the financial impact. According to Reuters, Circle has frozen more than $1.1 billion in USDC.
- Binance sees $3.64 billion in net outflows as withdrawals resume after massive hack
Binance reported $3.64 billion in net outflows after reopening withdrawals on Sunday, as customers rushed to move funds following a $6.3 billion hack. Between 6 a.m. and 3:30 p.m. UTC, the exchange processed $4.65 billion in withdrawals and $1.01 billion in deposits. The net outflows equaled 2.1% of its $171 billion in total assets, based on its latest proof-of-reserves data. Most of the outflows happened in the first couple of hours, and withdrawal volumes have since stabilized, with services restored in phases across 15 networks while testing continues for the rest. The FBI attributed the hack to North Korean hackers known as TraderTraitor, and Binance said it had covered about 95% of the lost funds and would absorb the losses rather than pass them on to users.
- Binance net outflows surge to $5.8B as withdrawals resume after record hack
According to DefiLlama data, Binance recorded $5.8 billion in net outflows over the past 24 hours as customers withdrew funds after the record $6.3 billion hack. By 3:30 p.m. UTC, the exchange had processed $4.6 billion in withdrawals against $1 billion in deposits, resulting in $3.6 billion in net outflows. Binance said withdrawals surged initially but have since slowed and stabilized, and that the outflows were a small fraction of its roughly $171 billion in assets. By 12:36 UTC, withdrawals were enabled for tokens across 15 networks, including Bitcoin, Ethereum, BNB Smart Chain and XRP Ledger, with USDT, USDC and Bitcoin the most withdrawn. On Saturday, Binance said it had replaced 90% of the lost assets using its corporate treasury, Secure Asset Fund for Users and futures insurance fund.
- Binance says phase one of withdrawals opens after $6.3B hack
Binance said it reopened the Bitcoin network in phase one of resuming withdrawals, after suspending user withdrawals following a hack of about $6.3 billion on Thursday that the FBI blamed on North Korean operatives. The exchange said it will reopen withdrawals in phases, prioritizing tokens based on user demand over the past week, with stability and security checks completed before each network reopens. Users may face congestion, longer processing times and temporary delays, so failed withdrawals should be retried after a short wait. Binance said on Saturday it had replenished 90% of the stolen assets, up from 80% a day earlier. Updates will be posted on its official X channel, and users can check the withdrawal page or the network status page.
- FBI blames North Korea for record $6.3B Binance hack
The FBI attributes the theft of about $6.3 billion in digital assets from Binance on Thursday to North Korea, which it calls “TraderTraitor.” The stolen assets have mostly been converted into Ether (ETH) and are expected to be further converted through DeFi and instant swap services. The FBI urged private-sector entities, including THORNode and RPC node operators, instant exchanges, DeFi services and blockchain analytics firms, to block transactions with addresses used to launder the funds. According to CertiK, North Korea-linked groups accounted for about 60% of the value lost to crypto hacks in 2025, and an estimated $6.75 billion was stolen between 2016 and early 2026 across 263 incidents. CertiK's analysis concludes that North Korea has turned crypto theft into a core state revenue mechanism.
- FBI confirms North Korea's role in $6 billion Binance hack, asks DeFi community to block BTC, ETH, SOL addresses
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