Binance customers withdraw nearly $5 billion after $6.3 billion cryptocurrency hack

Customers of Binance, the world's largest cryptocurrency exchange, have withdrawn a net of $4.72 billion since the platform reopened after a hack that resulted in $6.3 billion in stolen crypto. The FBI attributed the hack to North Korea. Binance had frozen withdrawals for approximately 48 hours following the incident. Despite the significant outflow, Binance stated that this amounted to about 2.8% of its total assets, suggesting that customer confidence has largely held up.