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Binance users withdraw $3.4 billion after record crypto heist

The FBI says North Korea was behind the massive $6.3 billion crypto heist that hit Binance on October 29th.

✦ Extractive summary — built from the sources' own reporting•From 4 sources•1 min read•Updated November 2, 2026, 10:18 AM UTC
Key points
  • The exchange froze transactions following the incident which has been linked to a North Korean group.
  • The Federal Bureau of Investigation (FBI) says North Korea was responsible for the hack.
  • The exchange was hit by the theft on Thursday, which has since been described as the biggest heist in history, with experts identifying North Korea as the likely culprit.

Cryptocurrency exchange says 90% of losses covered as FBI blames North Korean state-sponsored group TraderTraitor The cryptocurrency exchange Binance has started to allow its customers to withdraw their funds from the platform, as it recovers from a record $6.3bn (£4.7bn) hack.

Customers of cryptocurrency trading platform Binance withdrew some $3.4 billion of their funds on Sunday after Binance reopened trading.

Additional details
  • The company had suspended all operations after a cyberattack that compromised over $6 billion in digital assets.
  • Also in this edition: the Wall Street Journal reports on a new US plan to restore Russian gas sales to Europe, and we look at Argentina's efforts to capitalise on Patagonia's wide open spaces to attract data centre investment.
  • The FBI labeled the activity "TraderTraitor" and said that it had observed actors it has connected to hack converting the tokens to Ethereum and preparing for further laundering of the funds.

How this summary was made: extractive summary — built from the sources' own reporting. It is drawn only from the reporting of the sources listed below — read the originals for full detail. How we summarize →

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Every article behind this summary — 5 articles from 4 outlets

France 24November 2, 2026, 10:18 AM UTC → BBC WorldNovember 2, 2026, 7:42 AM UTC → The VergeNovember 1, 2026, 2:33 PM UTC → BBC WorldNovember 1, 2026, 1:11 PM UTC → The Guardian WorldNovember 1, 2026, 11:54 AM UTC →

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