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On October 29, about $6.36 billion was withdrawn from Binance across ten blockchains. $2.85 billion (44%) was frozen or seized, the remaining $3.24 billion sits in more than 950 attacker wallets, and part of it has already passed through mixers (services that mix coins to break the trail).
The FBI officially named the North Korean group TraderTraitor as the culprit behind the October 29 Binance hack. After the findings were released, clients withdrew a net $3.64 billion - 2.1% of all exchange assets.
From October 25 to 31, 30,435 BTC more were withdrawn from crypto exchanges than deposited - about $2.34 billion at the current rate. A week earlier the picture was the opposite: a net inflow of 3,434 BTC to the platforms.
After the Binance hack, US spot Bitcoin ETFs (exchange-traded funds through which Bitcoin is bought like a regular stock) showed an outflow of $643.3M on Friday, October 31 - the largest in four months.
On November 1, Binance gradually reopened crypto asset withdrawals, which had been halted after the largest hack in crypto market history - damage is estimated at $6.3 billion. The exchange states that it has already reimbursed about 95% of the affected assets from its own resources and will not pass the losses on to clients.
The American Federal Bureau of Investigation has officially named a group linked to the DPRK as the culprit behind the Binance hack last Thursday. About $6.3 billion in digital assets was stolen - this is the largest theft in the history of the crypto market.
On October 29, hackers breached Binance's hot wallets (the exchange's network-connected storage) and withdrew $6.3 billion in assets. Two days later, the story became political: Donald Trump said the administration was dealing with the incident, and letters demanding federal oversight of exchanges began arriving in Congress.
Analytics firm TRM Labs linked the Binance hack "with high confidence" to the TraderTraitor group - the FBI's name for North Korean state hackers, who are classified as part of the Lazarus Group. This is four times more than the $1.5 billion stolen from Bybit in February 2025.
