Binance sees outflows after $6.3 billion security breach

Binance customers withdrew $3.64 billion, representing 2.1% of exchange assets, as services resumed following a security breach that saw $6.3 billion stolen.

Crypto security firm TRM Labs and the FBI stated that an elite North Korean state-sponsored unit named TraderTraitor was responsible for the attack.

Binance reported that it has covered 95% of the stolen assets by utilizing its funds to purchase replacement tokens and executing a phased withdrawal rollout.