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

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

Read the original at South China Morning Post ↗

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Reuters. (2026, November 1). Binance sees spike in withdrawals as exchange returns online after US$6.3 billion hack. South China Morning Post. https://www.scmp.com/business/cryptocurrency/article/3372910/binance-sees-spike-withdrawals-exchange-returns-online-after-us63-billion-hack

Dated from the outlet's own feed. Check the original for its byline.

Quick Summary

Binance has resumed operations and begun allowing withdrawals following a hack that resulted in the theft of $6.3 billion, which the FBI attributes to North Korean hackers. On Sunday, customers withdrew $3.64 billion worth of assets, representing 2.1% of Binance's total holdings. The exchange reports stabilizing withdrawal activity and substantial deposit volumes, with coverage for 95% of the stolen amount already secured. This incident follows a series of recent crypto thefts, including attacks that cost nearly $3 billion across almost 150 incidents in the previous year according to TRM Labs research.

Written by AI on 2026-11-01, from this article's own text only (the story summary below draws on all the coverage).

Compared with similar articles

How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted

sentences that state something as happening or true

Uncertain

33%

2 of 6 hedged ("reportedly", "may", "according to")

Leaning

not political

takes no side on a contested political question

Publisher signals

63/100

South China Morning Post's corrections and hedging, across everything collected from it. Not a measure of accuracy.

Outlets on this story

Politics

Same framing elsewhere

articles that frame the event the way this one does

Analyzed 2026-11-01 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability

Source leaning vs. consistency

Publisher

South China Morning Post · 3643 article(s) · 7 correction(s) detected

Running correction rate · 7 correction(s)

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Reuters

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Topics

Binance FBI North Korea TRM Labs

Subjects

Binance ORG · 3× FBI ORG · 2× North Korea GPE · 2× TRM Labs ORG · 1×

Narrative

Binance sees spike in withdrawals as exchange returns online after US$6.3 billion hack The cryptocurrency exchange has begun to allow withdrawals after last week’s theft which the FBI believes came from North Korea 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.

framing: mixed · carried by 1 article(s) · first seen 2026-11-01

🔮 The theft, which analysts believe may be the biggest financial robbery ever, adds to a string of recent crypto thefts.

2026-11-01 · South China Morning Post

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

Claims (6 extracted, 2 hedged)

FBI → see → platform

Binance said withdrawals were stabilising after an initial spike and deposit volumes had remained “substantial”. asserted

volumes → say → spike

The exchange said it had now covered 95 per cent of the US$6.3 billion of stolen assets. asserted

it → say → assets

The theft, which analysts believe may be the biggest financial robbery ever, adds to a string of recent crypto thefts. uncertain

analysts → believe → thefts

Withdrawal levels are an early test of whether customers still trust the exchange with their money after the attack. asserted

customers → trust → attack

Attackers stole US$2.9 billion worth of cryptocurrency across nearly 150 incidents last year, according to researchers at TRM Labs. uncertain

Attackers → steal → Labs