Binance Reports Over $4.6 Billion in Withdrawals Post-Hack

Binance reported more than $4.6 billion in withdrawals following the largest crypto hack in history, which the FBI has linked to North Korea.

The exchange detailed that it processed $4.649 billion in withdrawals and approximately $1.01 billion in deposits, resulting in net outflows of 2.1% of its total assets under management.

The attack impacted roughly $6.3 billion in funds, with about half of those assets frozen. Binance has recovered approximately 95% of the impacted amount.

The FBI stated in a press release that North Korea was responsible for the theft of over $6 billion in virtual assets from Binance on or about October 29, 2026.

Binance temporarily suspended customer withdrawals and promised to cover all losses. Co-CEO Richard Teng noted the hack was not carried out by a single individual, with initial findings pointing to a compromised laptop and broader security breaches.

Around $3.24 billion remains in addresses linked to the theft, according to blockchain analytics firm Elliptic. The attack has affected crypto markets, with bitcoin trading at around $77,600 and the total crypto market losing about 3%, or $80 billion, over the past seven days.