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Binance users withdraw $3.4 billion after exchange reopens following hack

Binance customers pulled about $3.4 billion on Sunday after the exchange reopened following a hack of roughly $6.3 billion, which the company says it has replenished by 90 percent.

Posted Updated (13 min ago)

Binance customers withdrew about $3.4 billion on Sunday after the exchange reopened trading, France 24 reports. BBC News also says users withdrew billions after the freeze ended. The company had suspended all operations after the attack.

Most outlets put the theft at $6.3 billion in digital assets. PBS NewsHour and France 24 give a rounder figure of $6 billion or more. The Hill reports money began leaving Binance wallets on Thursday, and the company then suspended all deposits and withdrawals.

On Saturday, Binance said it had replenished 90 percent of the stolen assets, according to The Hill and The Verge. The Verge reports the CEO said Binance is covering the losses directly and plans to cover the remaining 10 percent. NBC News also reports the company pledged to cover the losses.

Replenished does not mean recovered. None of the reports say the stolen funds have been taken back from the hackers. PBS NewsHour says Binance is still working to recover them. CBS News says getting all of the money back will not be easy.

Ars Technica links the attack to North Korea. The New York Times calls North Korea a suspect. The reports do not lay out evidence for either claim.

Early reports gave freeze figures. Al Jazeera reported Binance saying $2.54 billion in funds was frozen. The Hill says some cryptocurrency firms froze around $3 billion in connection with the theft. CNBC says the hack was one of two major security incidents in the same week, and that both have raised concerns about crypto custody.

Reported by

  1. CNBCCircle, Tether freeze funds impacted by potential Binance 'security issue'Thu, Oct 29, 6:17 PM EDT
  2. NBC NewsFears of Binance hack prompt Tether, Circle to freeze over $1.5 billion in fundsThu, Oct 29, 6:46 PM EDT
  3. The GuardianWorld’s largest crypto exchange investigating reports of potential hackThu, Oct 29, 8:02 PM EDT
  4. Al JazeeraBinance says $2.54bn in crypto funds frozen amid ‘potential security issue’Thu, Oct 29, 8:29 PM EDT
  5. France 24Binance security breach has $6.3 billion impact in potential record crypto heistThu, Oct 29, 11:48 PM EDT
  6. CNBCBinance's $6.3 billion hack: What we know and what comes nextFri, Oct 30, 4:04 AM EDT
  7. NPRBinance flags 'potential security issue,' says approximately $6.3 billion impactedFri, Oct 30, 7:21 AM EDT
  8. The VergeBinance hackers stole $6.3 billion in record-breaking crypto heistFri, Oct 30, 7:44 AM EDT
  9. Ars TechnicaHackers steal $6.3 billion from Binance in record crypto heistFri, Oct 30, 9:46 AM EDT
  10. France 24How the record-breaking $6.3 billion heist in crypto history unfoldedFri, Oct 30, 9:52 AM EDT
  11. NBC NewsBinance pledges to cover billions in stolen assets after hack revives crypto fearsFri, Oct 30, 10:15 AM EDT
  12. PBS NewsHourBinance flags 'potential security issue,' says approximately $6.3 billion impactedFri, Oct 30, 10:25 AM EDT
  13. The New York TimesBinance’s $6.3 Billion Hack Is Just the Start of a Risky New EraFri, Oct 30, 1:07 PM EDT
  14. CNBCBinance hack: Investigators in a 'cat and mouse game' to recover $6.3 billion in stolen fundsFri, Oct 30, 2:08 PM EDT
  15. CBS News$6.3 billion Binance hack may be largest cyber heist in historyFri, Oct 30, 2:45 PM EDT
  16. CNBCBinance loses $6.3 billion in crypto heist—what happens to your money when an exchange gets hackedFri, Oct 30, 3:39 PM EDT
  17. CBS NewsHow hard is it to recover the $6 billion stolen from Binance?Fri, Oct 30, 5:10 PM EDT
  18. NPRHackers steal over $6 billion from crypto exchange Binance in staggering heistFri, Oct 30, 5:44 PM EDT
  19. PBS NewsHour$6 billion cryptocurrency heist puts investors on edgeFri, Oct 30, 6:50 PM EDT
  20. France 24Binance hit by 6.3 billion dollar crypto theftSat, Oct 31, 7:16 AM EDT
  21. CNBCBinance’s $6.3 billion hack raises questions about crypto wallet safetySat, Oct 31, 8:47 AM EDT
  22. The New York TimesHow Binance’s $6.3 Billion Hack Went DownSat, Oct 31, 10:29 AM EDT
  23. NPRA simple explainer of the massive $6.3 billion crypto heist at BinanceSat, Oct 31, 2:11 PM EDT
  24. The VergeBinance CEO says 90 percent of stolen assets have been ‘replenished’Sat, Oct 31, 2:40 PM EDT
  25. The HillBinance recovers 90 percent of stolen assets from hackSat, Oct 31, 3:08 PM EDT
  26. The New York TimesNorth Korean Hackers May Have Stolen Billions. It Wouldn’t Be Their First Heist.Sat, Oct 31, 5:40 PM EDT
  27. BBC NewsBinance users withdraw billions after record crypto hackSun, Nov 1, 7:26 PM EST
  28. France 24Binance users withdraw $3.4 billion after record crypto heistMon, Nov 2, 5:18 AM EST

This story was written by AI using only the reports listed above, and published without a person reviewing it first. It is rewritten as new reports arrive. Read the original reporting for full detail. Spot an error? Tell us.

Earlier versions (47)
  1. Mon, Nov 2, 6:45 AM EST, 12 outlets: Binance users withdraw $3.4 billion after exchange reopens following hack
  2. Mon, Nov 2, 6:25 AM EST, 12 outlets: Binance users withdraw $3.4 billion after exchange reopens following hack
  3. Mon, Nov 2, 6:10 AM EST, 12 outlets: Binance users withdraw $3.4 billion after exchange reopens following hack
  4. Mon, Nov 2, 5:50 AM EST, 12 outlets: Binance users withdraw $3.4 billion after exchange reopens following hack
  5. Mon, Nov 2, 5:30 AM EST, 12 outlets: Binance users withdraw $3.4 billion after exchange reopens following hack
  6. Mon, Nov 2, 5:10 AM EST, 12 outlets: Users withdraw billions from Binance after $6.3 billion hack
  7. Mon, Nov 2, 4:50 AM EST, 12 outlets: Users withdraw billions from Binance after $6.3 billion hack
  8. Mon, Nov 2, 4:30 AM EST, 12 outlets: Users withdraw billions from Binance after $6.3 billion hack
  9. Mon, Nov 2, 4:10 AM EST, 12 outlets: Binance users withdraw billions after $6.3 billion hack
  10. Mon, Nov 2, 3:50 AM EST, 12 outlets: Binance users withdraw billions after $6.3 billion hack
  11. Mon, Nov 2, 3:30 AM EST, 12 outlets: Binance users withdraw billions after $6.3 billion hack
  12. Mon, Nov 2, 3:10 AM EST, 12 outlets: Binance users withdraw billions after $6.3 billion hack
  13. Mon, Nov 2, 2:50 AM EST, 12 outlets: Binance users withdraw billions after $6.3 billion hack
  14. Mon, Nov 2, 2:30 AM EST, 12 outlets: Binance users withdraw billions after $6.3 billion hack
  15. Mon, Nov 2, 2:10 AM EST, 12 outlets: Binance users withdraw billions after $6.3 billion hack
  16. Mon, Nov 2, 1:50 AM EST, 12 outlets: Binance users withdraw billions after $6.3 billion hack
  17. Mon, Nov 2, 1:30 AM EST, 12 outlets: Binance users withdraw billions after $6.3 billion hack
  18. Mon, Nov 2, 1:10 AM EST, 12 outlets: Binance users withdraw billions after $6.3 billion hack
  19. Mon, Nov 2, 12:50 AM EST, 12 outlets: Binance users withdraw billions after $6.3 billion hack
  20. Mon, Nov 2, 12:30 AM EST, 12 outlets: Binance users withdraw billions after $6.3 billion hack
  21. Mon, Nov 2, 12:10 AM EST, 12 outlets: Binance users withdraw billions after $6.3 billion hack
  22. Sun, Nov 1, 11:50 PM EST, 12 outlets: Binance users withdraw billions after $6.3 billion hack
  23. Sun, Nov 1, 11:30 PM EST, 12 outlets: Binance users withdraw billions after $6.3 billion hack
  24. Sun, Nov 1, 11:10 PM EST, 12 outlets: Binance users withdraw billions after $6.3 billion hack
  25. Sun, Nov 1, 10:50 PM EST, 12 outlets: Binance users withdraw billions after $6.3 billion hack
  26. Sun, Nov 1, 10:30 PM EST, 12 outlets: Binance users withdraw billions after $6.3 billion hack
  27. Sun, Nov 1, 10:10 PM EST, 12 outlets: Binance users withdraw billions after $6.3 billion hack
  28. Sun, Nov 1, 9:50 PM EST, 12 outlets: Binance users withdraw billions after $6.3 billion hack
  29. Sun, Nov 1, 9:30 PM EST, 12 outlets: Binance users withdraw billions after $6.3 billion hack
  30. Sun, Nov 1, 9:10 PM EST, 12 outlets: Binance users withdraw billions after $6.3 billion hack
  31. Sun, Nov 1, 8:50 PM EST, 12 outlets: Binance users withdraw billions after $6.3 billion hack
  32. Sun, Nov 1, 8:30 PM EST, 12 outlets: Binance users withdraw billions after $6.3 billion hack
  33. Sun, Nov 1, 8:10 PM EST, 12 outlets: Binance users withdraw billions after $6.3 billion hack
  34. Sun, Nov 1, 7:50 PM EST, 12 outlets: Binance users withdraw billions after $6.3 billion hack
  35. Sun, Nov 1, 7:30 PM EST, 12 outlets: Binance users withdraw billions after $6.3 billion hack
  36. Sat, Oct 31, 3:20 PM EDT, 12 outlets: Binance says it has replaced 90 percent of the $6.3 billion stolen in hack
  37. Sat, Oct 31, 9:10 AM EDT, 11 outlets: Binance says $6.3 billion in crypto was stolen and halts withdrawals
  38. Fri, Oct 30, 5:50 PM EDT, 11 outlets: Binance says $6.3 billion in crypto was stolen; about half frozen
  39. Fri, Oct 30, 1:15 PM EDT, 10 outlets: Binance pledges to cover stolen assets after $6.3 billion hack, NBC reports
  40. Fri, Oct 30, 10:30 AM EDT, 9 outlets: Binance pledges to cover stolen assets after $6.3 billion hack, NBC reports
  41. Fri, Oct 30, 10:10 AM EDT, 8 outlets: US analysts suspect North Korea in $6.3 billion Binance hack
  42. Fri, Oct 30, 7:45 AM EDT, 7 outlets: Binance says $6.3 billion affected in suspected hack; reports differ on theft
  43. Fri, Oct 30, 7:25 AM EDT, 6 outlets: Binance says about $6.3 billion hit by "potential security issue," has not confirmed theft
  44. Thu, Oct 29, 11:50 PM EDT, 5 outlets: Binance says breach affected about $6.3 billion in assets, $3 billion recovered or frozen
  45. Thu, Oct 29, 9:00 PM EDT, 4 outlets: Binance says $2.54bn in crypto frozen after possible hack; founder says it looks like one
  46. Thu, Oct 29, 8:20 PM EDT, 3 outlets: Binance founder says incident "does look like a hack"; Tether, Circle freeze funds
  47. Thu, Oct 29, 8:00 PM EDT, 2 outlets: Tether and Circle freeze funds over possible Binance security issue