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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From October 25 to 31, 30,435 BTC more were withdrawn from crypto exchanges than deposited - about $2.34 billion at the current rate.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.
