Bitcoin (Credits: CoinDesk)
Bitcoin eased to around $77,900 on Monday as Binance customers withdrew a net $3.6 billion in the first hours after the exchange reopened withdrawals following the record $6.3 billion hack on October 29.
Binance began phased withdrawals at 06:00 UTC on Sunday, starting with Bitcoin. Between 06:00 and 15:30 UTC, users pulled $4.65 billion and deposited $1.01 billion — a net outflow of roughly $3.64 billion, or about 2.1% of the $171 billion in assets in its October 28 proof-of-reserves report, according to the exchange’s figures.
Binance Withdrawal Rush Stabilizes After $5.8B Outflow
Broader 24-hour measures captured an even bigger exodus: DefiLlama recorded a net $5.8 billion pulled off the exchange through Sunday, though Binance said the initial rush “has declined and is stabilising as expected,” adding that “market conditions are stable.” Bitcoin touched $78,878 early Monday, its highest since October 29, holding about 2% above its post-hack low near $76,100.
$6.3 Billion Binance Hack: FBI Attributes Theft to North Korea’s TraderTraitor
Binance says it has covered around 95% of the $6.3 billion stolen and maintains customers will not absorb losses. The FBI formally attributed the theft to TraderTraitor, a hacking group tied to North Korea, according to reports. A full zero-knowledge proof of reserves is expected around Tuesday, November 3.
Also Read: Binance $6.3 Billion Hack: Why Crypto Exchange Theft Is Harder to Stop Than a Bank Robbery | Bitcoin ETFs Lost $643 Million Friday as 2026 Inflows Nearly Evaporate
Source: CoinDesk — read the full story there.