Investors pull billions in funds from Binance after record $6.3bn hack
Cryptocurrency exchange Binance experienced a $6.3 billion hack, leading to a $3.6 billion net outflow of funds as users withdrew assets. The company has begun a phased reopening of withdrawals while investigating the breach, which experts attribute to North Korean actors.
Why it matters
This incident represents one of the largest financial heists in history, raising significant concerns about the security and stability of global cryptocurrency platforms.
Binance told customers it was testing its networks and assets to ensure deposits were safe. Photograph: Romain Doucelin/NurPhoto/Shutterstock Binance told customers it was testing its networks and assets to ensure deposits were safe. Photograph: Romain Doucelin/NurPhoto/Shutterstock Binance Investors pull billions in funds from Binance after record $6.3bn hack Cryptocurrency exchange has begun to allow withdrawals after theft believed to have come from North Korea
Prefer the Guardian on Google Investors have pulled $3.6bn (£2.7bn) in funds from the cryptocurrency exchange Binance as it recovers from a record hack in which billions were stolen from customer accounts.
The platform was hit by a $6.3bn theft on Thursday, which has since been described as the biggest heist in history. Experts identified North Korea as the probable culprit .
Binance initially froze withdrawals as it investigated the breach but on Sunday announced it had begun a phased reopening .
Headlinne story · 8 newsrooms
Binance Resumes Withdrawals After Hackers Steal Billions in Crypto
What every outlet reported, where they differ, and how each framed it →
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13 other newsrooms covered this event. We read each version separately.
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