Binance restarts withdrawals after $6.3 billion crypto theft

Binance says it has restored backing for 90% of affected assets and will cover all customer losses. Withdrawals are returning in phases, subject to security checks. According to CoinDesk, the exchange is using corporate funds, futures reserves and its SAFU fund to absorb losses while keeping user balances intact.

Covered by 19 publishers within 44 hours of the first report.

• CNBC: Binance resumes withdrawals following $6.3 billion hack, says 90% of stolen user assets are covered
• Latest 7:43 PM ET BBC: Binance users withdraw $3.6bn after largest-ever crypto hack

Reporting19

ET The Economic Times Binance sets aside USD 6.34 billion to cover crypto hack losses, targets phased withdrawal resumption 7:08 AM

NYT New York Times How Binance’s $6.3 Billion Hack Went Down · David Yaffe-Bellany 10:29 AM

DE Decrypt Binance Hack: Everything You Need to Know About the Biggest Crypto Heist in History · Decrypt Staff 11:01 AM

CD CoinDesk Binance says it has replaced 90% of stolen crypto after massive $6.3 billion breach · Francisco Rodrigues 11:24 AM

CN CNBC Binance resumes withdrawals following $6.3 billion hack, says 90% of stolen user assets are covered 12:06 PM

VG The Verge Binance CEO says 90 percent of stolen assets have been ‘replenished’ · Terrence O’Brien 2:40 PM

HIL The Hill Binance recovers 90 percent of stolen assets from hack · Suryatapa Chakraborty 3:08 PM

RTW RuntimeWire Binance plans three-hour withdrawal window on November 1st after $6.3B theft · Ryan Merket 1:16 AM

FT Financial Times Binance users pull $5bn as crypto exchange restarts services after heist 4:38 AM

CBS CBS News Binance resumes withdrawals for some cryptocurrencies after heist 5:35 AM

TC TechCrunch Binance resumes withdrawals following $6.3 billion breach · Anthony Ha 11:20 AM

TB The Block Binance sees $3.64 billion in net outflows after reopening withdrawals following record hack · Zack Abrams 11:32 AM

G The Guardian Investors pull billions in funds from Binance after record $6.3bn hack · Lauren Almeida 1:53 PM

CTE CTech Binance is back online after a record crypto theft. The questions are far from settled 2:53 PM

TI The Information Binance Allows Customers to Resume Withdrawals, Sees $5.8 Billion Net Outflow · Yueqi Yang 6:18 PM

PY PYMNTS Binance Says It Replaced 95% of Stolen Crypto for Users · PYMNTS 6:46 PM

BBC BBC Binance users withdraw $3.6bn after largest-ever crypto hack 7:43 PM

IMP Implicator.ai Did Customers Flee the Biggest Crypto Exchange After Its Record Hack? · Marcus Schuler 7:57 PM

NW Neowin Binance faces billions in user withdrawals following massive security breach · Paul Hill 2:02 AM

Related

CSN FBI attributes $6.3 billion Binance theft to North Korean hackers October 31

FB Cybersecurity Awareness Month Ends With A $6.3 Billion Halloween Scare October 30

RTW BTCPay Server urges operators to take installations offline amid wallet theft reports November 1

THN Yoba attackers use fake ChatGPT and Claude apps to install crypto miners October 29

Topics Crypto