Binance users withdraw billions after record crypto hack
Binance users withdraw billions after a record crypto hack, with $6.3 billion in digital assets affected and the exchange freezing transactions during the incident.
Quick read
News report on a major hack of cryptocurrency exchange Binance that affected $6.3bn in digital assets and prompted the firm to freeze transactions. It explains user withdrawals, Binance’s coverage of most losses, suspected North Korean involvement, and the phased resumption of services.
- Users withdrew $3.6bn after Binance reopened following the hack
- Binance says it has covered about 95% of stolen assets
- Investigations point to suspected North Korean hacker involvement
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