Withdrawals surge on Binance after $6.3 billion hijack
Customers withdrew $3.64 billion after theft by hackers linked to North Korea
By Capital Kranti desk, Gandhinagar · Editor: Parth Thakkar
2 November 2026, 5:06 am · Updated 10:27 pm · 1 min read
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Following the $6.3 billion hijack on the world's largest cryptocurrency exchange, Binance, last week, customers have undertaken large-scale withdrawals of funds. According to a report by the South China Morning Post, customers withdrew $3.64 billion after the exchange came back online on Sunday, which constitutes 2.1 per cent of its total assets.
This theft was carried out by hackers believed to be linked to North Korea by the FBI. According to analysts, this could be the largest financial theft. Binance has stated that they have covered 95 per cent of the stolen $6.3 billion in assets.
The exchange further added that while there was initially a massive surge in withdrawals, it is now stabilising. Additionally, the volume of deposits is also being maintained significantly.
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