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Binance customers withdraw more than $4.6 billion after crypto heist
CBS News • • general
Key Points:
- Binance experienced a massive withdrawal of over $4.6 billion by customers following what experts describe as the largest digital coin theft in history.
- After resuming transactions on Sunday, Binance saw deposits of just over $1 billion, resulting in a net outflow of $3.64 billion, though withdrawals represent only 2.1% of its $171 billion in total assets.
- The FBI linked the cyberattack to a North Korean hacker group called "TraderTraitor," which stole $6.3 billion in digital currency from Binance, with approximately $3 billion of the stolen funds frozen.
- TraderTraitor reportedly converted much of the stolen assets into Ethereum to obscure their trail and was also responsible for a $1.5 billion crypto theft from Bybit in February 2025.
- The FBI has urged private-sector entities to block transactions involving addresses used by TraderTraitor to launder stolen assets, aiming to contain the impact of the theft.
