logo
About Contact

Binance's $6.3 Billion Hack: Recovery Efforts, Customer Withdrawals, and Security Analysis

World News

Binance's $6.3 Billion Hack: Recovery Efforts, Customer Withdrawals, and Security Analysis

Binance’s recovery from the biggest crypto hack in history | Explained

The Hindu

Binance’s recovery from the biggest crypto hack in history | Explained

The largest cryptocurrency exchange in the world was hit by an approximately $6.3 billion hack, the biggest in history, yet, customers got their crypto back in about 3-4 days

Binance sees spike in customers pulling funds out after $6.3 billion hack

Business Standard

Binance sees spike in customers pulling funds out after $6.3 billion hack

Binance said it had now covered 95% of the stolen assets. It said after an initial spike, withdrawals were stabilizing

Binance sees $3.64 billion in net outflows as withdrawals resume after massive hack

CNBC

Binance sees $3.64 billion in net outflows as withdrawals resume after massive hack

Binance recorded $3.64 billion in net outflows after resuming withdrawals following a $6.3 billion hack, representing 2.1% of its total assets.

Binance says it has covered $6 billion of $6.3 billion stolen in hack

Business Standard

Binance says it has covered $6 billion of $6.3 billion stolen in hack

The ​remaining amount, now less than 10%, consists of assets that are less liquid and may take longer to source in the required ​amounts, according to Binance

Explained: How hackers stole $6.3 bn in crypto from Binance in just 20 mins

Business Standard

Explained: How hackers stole $6.3 bn in crypto from Binance in just 20 mins

While Binance has said it will cover customer losses, the attack has drawn attention to vulnerabilities in the systems exchanges use to authorise and process transactions

Coverage dates

First reported:

First saved on ClustZ:

Coverage updated:

We use cookies to improve your experience and analyze site traffic. By clicking "Accept", you agree to our use of cookies. See our Privacy Policy.