Binance, the world’s largest cryptocurrency exchange, has seen asset outflows stabilize following a $6.3 billion heist last week. The company’s co-CEO, Richard Teng, reported that withdrawals have normalized and the company remains in "very strong financial health." He noted that 95% of the affected tokens have been replenished, and the exchange is now seeing hourly deposits exceed withdrawals.
North Korea has strongly denied US allegations that it was behind the heist. Kim Yo Jong, sister of North Korean leader Kim Jong Un, called the accusations "absurd rhetoric" and a "grave political provocation." The FBI had claimed that North Korean hackers were responsible for the theft, which has raised concerns about the country’s use of cryptocurrency theft to fund its weapons programs.
Analysts suggest that the US allegations could lead to tighter measures targeting North Korea’s cryptocurrency revenue streams. South Korea’s central bank estimated that the Binance theft could be equivalent to about a sixth of North Korea’s economic output in 2025. Blockchain analytics firm Chainalysis reported that 89% of crypto hack losses in 2026 were linked to North Korea.
In response to the heist, Binance launched a campaign offering fee rebates, rewards for high trading volumes, and annual percentage rates of up to 10% on certain yield-generating products. The exchange has also gradually resumed withdrawals for more assets, with net outflows amounting to around 3% of the platform’s assets, suggesting that customer confidence has largely held up.