THE GUARDIAN · 2026-11-02 07:36 UTC

Crypto 'scammers on overdrive' as Binance customers pull billions from accounts after $6.3bn hack – business live

Binance suffered a $6.3bn hack on Thursday, described as the biggest heist in history, with North Korea identified as the probable culprit. After reopening withdrawals on Sunday, Binance processed $4.6bn in withdrawals and $1bn in deposits, resulting in a net outflow of $3.6bn (2.1% of $171bn total assets). Binance founder CZ warned scammers are targeting users withdrawing funds; Bitcoin ETFs saw $643m in net outflows on Friday, and options traders are pricing Bitcoin's odds of hitting $100k by year-end at just 3.5%, down from 6% before the hack.

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