Customers of Binance, the world’s largest cryptocurrency exchange, withdrew $3.6 billion (£2.7 billion) in assets after the platform resumed operations on Sunday following what is believed to be the largest cryptocurrency hack in history, the BBC reported.
The company had suspended all transactions following the incident, which affected digital assets worth $6.3 billion.
Major organisations, including the US Federal Bureau of Investigation (FBI), have accused North Korea of carrying out the cyberattack.
Binance said it had recovered approximately 95% of the assets stolen in the breach, while sourcing the remaining amount could take longer. The exchange has repeatedly pledged to cover all losses resulting from the attack.
In a statement posted on X, Binance said: “Between 06:00 and 15:30 [GMT] on November 1, we processed $4.649 billion in withdrawals and $1.01 billion in deposits, resulting in a net outflow of approximately $3.64 billion.”
The company noted that withdrawals initially surged before declining, adding that they were “stabilising as expected”.
According to Binance, Sunday’s net withdrawals represented just over 2% of the $171 billion in assets under its management.
Last week, the exchange said it had set aside more than $6.3 billion in funds to address the consequences of the attack.
Binance also announced that withdrawals of more than two dozen major cryptocurrencies, including Bitcoin and Ethereum, had resumed. Other services are expected to be restored in phases once security checks are completed.
The attack has been attributed to TraderTraitor, a North Korean cybercrime group also known as the Lazarus Group. The group stole a then-record $1.5 billion from cryptocurrency exchange Bybit in 2025.
On Saturday, the FBI published a list of cryptocurrency wallet addresses linked to the group and called on industry partners to help block transactions involving those addresses.
Binance also moved quickly to urge cryptocurrency issuers to freeze the affected assets.
The exchange said last week that preliminary checks indicated the incident may have originated from a compromised laptop belonging to one of its engineers, potentially allowing hackers to carry out unauthorised transactions.
The breach affected Binance’s global centralised exchange, Binance.com, while the company’s US-facing platform said it had not been impacted.
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