Binance sees spike in customers pulling funds out

Binance users withdrew USD3.64 billion, equivalent to 2.1 percent of the exchange’s assets, after the platform resumed service on Sunday following a major theft, Business Recorder reported. Binance said withdrawals were beginning to settle and deposits remained substantial, while it had replaced 95 percent of the USD6.3 billion in stolen assets.

The exchange put net withdrawals at USD3.64 billion, while DefiLlama’s estimate was USD4.36 billion; Binance disputed that figure, citing wallet movements it said were not included. The FBI attributed the attack to North Korea-linked group TraderTraitor, although US President Donald Trump said North Korea’s involvement had not been established. Binance said it would absorb the hack’s costs, using company funds and its customer protection reserve to acquire replacement tokens.