The Aporia · Binance users withdraw billions after record crypto hack

Binance users withdraw billions after record crypto hack

Read the original at BBC News ↗

Cite

APA MLA Chicago

Chia, O. (2026, November 2). Binance users withdraw billions after record crypto hack. BBC News. https://www.bbc.co.uk/news/articles/cwj34gdmnly4o?at_medium=RSS&at_campaign=rss

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

Quick Summary

Binance customers withdrew over $3.6 billion worth of assets after the cryptocurrency exchange reopened following a record hack affecting $6.3 billion in digital assets. The FBI has accused North Korea of being responsible for this, reportedly the largest cyber attack in history. Binance stated it would cover nearly all losses from the breach but noted that recovering some funds could take longer.

Written by AI on 2026-11-02, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

Binance has resumed operations after a massive $6.3 billion security breach that analysts say could be the largest crypto heist ever recorded. The FBI attributes the theft to North Korea. Tether and Circle froze over $1.5 billion in funds related to the potential hack, while Binance itself had frozen an additional $2.54 billion initially. After reopening, customers withdrew about $3.64 billion, or 2.1% of total assets. Binance has covered around 95% of the stolen amount using its Secure Asset Fund for Users (SAFU) and other reserves. The exchange saw an initial spike in withdrawals but is now stabilizing as services resume gradually following security checks.

Written for “Binance Hack Blamed on North Korea” on 2026-11-02, grounded in this article and the 68 other(s) covering the same event.

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

17%

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

Leaning

not political

takes no side on a contested political question

Publisher signals

68/100

BBC News's corrections and hedging, across everything collected from it. Not a measure of accuracy.

Outlets on this story

Technology

Same framing elsewhere

articles that frame the event the way this one does

Analyzed 2026-11-02 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability

Source leaning vs. consistency

Publisher

BBC News · 4864 article(s) · 6 correction(s) detected

Running correction rate · 6 correction(s)

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Who wrote this

Osmond Chia

37 article(s) here · 1 carrying a prediction

🔮 The company said it has covered around 95% of the assets stolen in the breach, but that the remaining amount may take longer to source.

2026-11-02 · assertive framing · Binance users withdraw billions after record crypto hack

🔮 The company said as part of a series of alerts online that all deposits and withdrawals are temporarily suspended while its teams conduct security checks and that the firm will "cover all losses".

2026-10-30 · assertive framing · Crypto giant Binance freezes $2.5bn of assets over suspected hack

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Also by Osmond Chia

Crypto giant Binance freezes $2.5bn of assets over suspected hack

2026-10-30 · BBC News

Microsoft posts $36.6bn profit after offering buyouts to one in four workers

2026-10-29 · BBC News

Apple says it will replace iPhone Duo handsets with screen problems

2026-10-27 · BBC News

What is PHP and why did it spark a global cyber security scramble?

2026-10-22 · BBC News

Nothing else under this byline is closely related to this article, so these are simply their most recent.

All 37 articles by Osmond Chia →

Topics

Binance FBI North Korea Published the US Federal Bureau of Investigation

Subjects

Binance ORG · 3× FBI ORG · 1× North Korea GPE · 1× Published ORG · 1× the US Federal Bureau of Investigation ORG · 1×

Narrative

There was an "initial spike" in withdrawals, which later declined and "are stabilising as expected", Binance posted on X. It added that withdrawals for major cryptocurrencies like Bitcoin and Ethereum have resumed and that more services will resume in phases once security checks are completed.

framing: assertive · carried by 1 article(s) · first seen 2026-11-02

🔮 The company said it has covered around 95% of the assets stolen in the breach, but that the remaining amount may take longer to source.

2026-11-02 · BBC News

Binance users withdraw billions after record crypto hack · assertive framing

Claims (6 extracted, 1 hedged)

- Published Binance customers withdrew more than $3.6bn (£2.7bn) of assets from the world's largest cryptocurrency exchange as it reopened on Sunday following a record hack last week. asserted

it → withdraw → hack

The firm suspended all transactions in the wake of the incident, which impacted $6.3bn worth of digital assets. asserted

which → suspend → assets

Major organisations, including the US Federal Bureau of Investigation (FBI), have accused North Korea of being responsible for the cyber attack, which is said to be the largest hack in history. asserted

which → include → history

The company said it has covered around 95% of the assets stolen in the breach, but that the remaining amount may take longer to source. uncertain

amount → say → breach

Binance has repeatedly said it would cover all of the losses linked to the attack. asserted

it → say → attack

checks → be → phases