Binance reopens withdrawals after €5.5bn heist, with €3.2bn leaving in the first day
Cyber Security · Monday, November 2, 2026 · 11 sources

Binance reopens withdrawals after €5.5bn heist, with €3.2bn leaving in the first day

Binance resumed cryptocurrency withdrawals in phases after a security breach that the FBI attributed to North Korea’s TraderTraitor unit; the exchange put the theft at about €5.5 billion ($6.3 billion). Binance reported €3.2 billion ($3.64 billion) in net outflows during its stated reopening window, 2.1% of its €158 billion ($171 billion) in assets. The company said it had covered about 95% of the financial impact, while the remaining tokens could take longer to source.

Bottom line — Binance says it has covered 95% of the €5.5bn ($6.3bn) impact; its withdrawal figures remain disputed.

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  1. Binance said it processed €4.1bn ($4.649bn) in withdrawals and €890m ($1.01bn) in deposits between 06:00 and 15:30 UTC on 1 November.

  2. The first reopening phase covered 15 networks and assets; Binance said withdrawals would return in stages after security checks.

  3. DefiLlama reported €5.4bn ($5.81bn) in outflows over 24 hours, against Binance’s €3.2bn ($3.64bn) figure for its stated window. Binance disputed DefiLlama’s earlier estimate, citing flows into its new hot wallet.

  4. Binance said the remaining 5% involved less-liquid tokens that may take longer to source; it has pledged to cover the full financial impact.

  5. The FBI said it had observed TraderTraitor converting stolen assets into ether and urged companies to block transactions linked to identified wallet addresses.

  6. Binance’s initial investigation pointed to a compromised engineer’s laptop as a possible route into its systems; the company has not published a complete technical account.

  7. Bitcoin ETFs recorded €565m ($643m) in outflows on Friday, while more than €1.1bn ($1.3bn) in leveraged positions were liquidated, according to TRM Labs policy chief Ari Redbord.

Read the reporting 11

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Last generated: Nov 2, 7:18 PM UTC by wreetco

dstld. Your daily news summary designed to surface the news that matters from a European perspective. Curated by humans, summarized by AI - always with links back to the original reporting.

Links · Contact
Popular topics · WorldEuropeGamesAI
Last generated: Nov 2, 7:18 PM UTC by wreetco