Binance sees outflows stabilising as exchange returns online after $6.3 billion heist


Binance sees outflows stabilising as exchange returns online after $6.3 billion heist <br> Binance customers pulled $3.64 billion, or 2.1% of its assets, as the world&#39;s biggest cryptocurrency exchange resumed service after a security breach linked to North Korea saw $6.3 ​billion stolen&nbsp;from the platform last week. The exchange moved to reassure crypto investors and said withdrawals were stabilising after an initial spike and deposit volumes had remained &quot;substantial&quot; after, what &zwnj;analysts believe, may be the world&#39;s biggest financial robbery ever. After hitting a six-week low on Friday, bitcoin prices recovered slightly through the weekend to trade above $78,000 on Monday. Ether hit a two-month low on Friday and also recovered a little to $2,287. Binance, which allows users to buy, sell and trade digital assets, has 335 million registered users globally. It said on Sunday it had $171 billion in total assets under management as of October 28. Binance began restoring withdrawals in phases at 06:00 UTC on November 1, 2026. By 12:36 UTC, withdrawals had resumed for all 15 networks and assets in the initial phase. After an initial spike, withdrawal volumes have declined and are stabilising as expected, while deposit&hellip; pic.twitter.com/ZSnYGCTp9d &mdash; Binance (@binance) November 1, 2026 The Binance theft adds to a string ​of recent crypto thefts. Attackers stole $2.9 billion worth of cryptocurrency across nearly 150 incidents last year, according to researchers at TRM Labs Withdrawal levels are an early test of whether customers ​still trust Binance with their money after the attack. The exchange said it had covered 95% of the assets stolen in the heist. Read: $1.5B stolen in Bybit crypto heist, North Korean hackers blamed Stablecoin market capitalisations ⁠tend to fall when money is leaving cryptocurrencies and they have dropped since Friday. The combined capitalisation of the two largest stablecoins, USDT and USDC, has dropped by about $1.2 billion since Friday, according to ​Coinmarketcap.com. CMC Market Pulse: Binance responds to security incident, Funds are SAFU 🛡️ Binance moves fast: $3B frozen, user losses covered, funds are SAFU 📉 $​BTC slips below $80K, total market cap down 4% to $2.63T 🏛️ DTCC&rsquo;s tokenization service goes live with 34 securities 💰 Kalshi&hellip; pic.twitter.com/GzfeALZUuU &mdash; CoinMarketCap (@CoinMarketCap) October 30, 2026 Spot bitcoin ETFs shed $643 million on Friday, the largest daily outflow of October, and more than $1.3 billion in leveraged positions were liquidated, said Ari Redbord, global head of policy at US blockchain analysis firm ​TRM Labs. &quot;I get why, for conservative institutional investors, this is unsettling,&quot; Redbord said. &quot;A hack at a financial institution means stolen usernames and passwords. A hack at a crypto exchange is bank robbery at the speed of the internet, which creates an unstable risk profile for anyone responsible for other people&rsquo;s capital.&quot; <br> <img src="https://tribune.com.pk/story/2638229/binance-sees-outflows-stabilising-as-exchange-returns-online-after-63-billion-heist" alt=" Binance sees outflows stabilising as exchange returns online after $6.3 billion heist" width="100%">

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