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Business

Binance sees spike in withdrawals as exchange returns online after US$6.3 billion hack

Katherine Langford
Katherine Langford
Katherine Langford
Editor-in-Chief · Edina, MN

Katherine oversees editorial operations across all six brands. Before joining The Meridan Group, she spent 14 years at the Minneapolis Star Tribune, where she led the metro desk through its digital transformation. She holds a Master's in Journalism from Northwestern's Medill School.

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Editor-in-Chief · Sunday, November 1, 2026 at 7:53 PM · 1 min read
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Binance sees spike in withdrawals as exchange returns online after US$6.3 billion hack — Singapore Business news

Binance customers pulled US$3.64 billion, or 2.1 per cent of ⁠its assets, as the world’s biggest cryptocurrency exchange went back online on Sunday after hackers the FBI links to North Korea stole billions from the platform last week. Binance said withdrawals were stabilising after an initial spike and deposit volumes had remained “substantial”. The exchange said it had now covered 95 per cent of the US$6.3 billion of stolen assets. The theft, which analysts believe may be the biggest financial...

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