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).

AI analysis

Story summary

As of November 1, 2026, Binance, the world's largest cryptocurrency exchange, has resumed withdrawals for some major cryptocurrencies like Bitcoin and Ethereum after hackers stole approximately $6.3 billion in digital funds on October 29. The Federal Bureau of Investigation (FBI) attributed the theft to North Korea. In response to the hack, Tether froze over $1.567 billion worth of its digital currency and Circle, issuer of USD Coin, also halted assets related to the incident. Binance reassured users that their funds are safe and will cover all losses from the attack using company funds.

Written for “Binance Hack and FBI Investigation” on 2026-11-02, grounded in this article and the 65 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

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

Technology

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 · 3540 article(s) · 7 correction(s) detected

Running correction rate · 7 correction(s)

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Who wrote this

Reuters

818 article(s) here · 1 carrying a prediction

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

2026-11-01 · mixed framing · Binance sees spike in withdrawals as exchange returns online after US$6.3 billion hack

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🔮 Binance, the worlds biggest cryptocurrency exchange, said it would resume withdrawals on Sunday after covering 95 per cent of the $6.3 billion in tokens stolen from its platform in the world’s largest digital heist, which the FBI has tied to North Korea.

2026-11-01 · mixed framing · Binance to resume withdrawals after covering bulk of stolen $6.3bn

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Wire or desk byline, not an individual reporter.

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

All 818 articles by Reuters →

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