Binance users withdraw billions after record cryptocurrency hack
The exchange froze transactions following a security incident affecting $6.3bn in digital assets.
At a glance
- Binance users withdrew $3.6bn following the security breach
- The incident affected $6.3bn in digital assets
- The exchange froze transactions in response to the hack
Binance users have withdrawn billions of dollars following a major security breach at the cryptocurrency exchange. The incident impacted $6.3bn worth of digital assets, prompting the platform to freeze transactions.
The exact scale of user withdrawals is being assessed as the exchange responds to the security incident.
Why it matters
The incident represents a significant security event for one of the world's largest cryptocurrency exchanges, affecting millions of users and raising questions about digital asset security.
Original reporting
- BBC News — TechnologyBinance users withdraw billions after record crypto hack
- BBC News — BusinessBinance users withdraw $3.6bn after record crypto hack
This brief was written with AI assistance from the reports listed above and checked against our editorial policy. Spotted an error? Request a correction.
