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Binance users withdraw $3.6bn after record crypto hack

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⚡ Instant Key Takeaways (TL;DR)
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Core Development: Binance users withdraw $3.6bn after record crypto hack
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Market & Financial Impact: The exchange froze transactions in the wake of the incident, which impacted $6.3bn worth of digital assets.
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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

Binance customers withdrew a net $3.64bn (£2.72bn) of assets from the world's largest cryptocurrency exchange as it reopened on Sunday following a record hack last week.

The firm suspended all transactions in the wake of the incident, which impacted $6.3bn worth of digital assets.

Major organisations, including the US Federal Bureau of Investigation (FBI), have accused North Korea of being responsible for the cyber-attack, which is said to be the largest hack in history.

The company said it has covered around 95% of the assets stolen in the breach, but that the remaining amount may take longer to source. Binance has repeatedly said it would cover all of the losses linked to the attack.

"Between 06:00 and 15:30 [GMT] on November 1, we processed $4.649 billion in withdrawals and $1.01 billion in deposits, resulting in a net outflow of approximately $3.64 billion," Binance posted on X.

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Official Publisher Attribution: This report is aggregated from Bloomberg. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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