Binance, the world’s largest cryptocurrency exchange, saw a surge in withdrawals as it resumed operations on Sunday following a massive hack. Customers pulled out US$3.64 billion, or 2.1% of the platform’s assets, after hackers linked by the FBI to North Korea stole US$6.3 billion last week. The exchange reported that withdrawal levels were stabilizing, while deposit volumes remained strong. Binance has so far recovered 95% of the stolen assets.
The theft, potentially the largest financial heist ever, adds to a growing list of crypto-related thefts. Analysts are watching withdrawal trends closely to gauge whether users still trust Binance after the attack. Last year, attackers stole US$2.9 billion worth of cryptocurrency across nearly 150 incidents, according to TRM Labs.