Investors have withdrawn $3.6 billion from Binance following a significant hack that resulted in the theft of $6.3 billion from customer accounts. The exchange has begun to restore withdrawals after initially freezing them to investigate the breach, which experts attribute to a North Korea-affiliated group.
Binance has reported processing $4.6 billion in withdrawals since the phased reopening, with the company stating it has covered 90% of the stolen funds. The FBI has confirmed North Korea's involvement, raising concerns about the implications for cryptocurrency security and international sanctions evasion.