Binance said it was covering the losses with company funds, including US$6 billion from its treasury, insurance fund and security reserves. (Unsplash pic)SINGAPORE: Binance's customers have withdrawn a net $4.72 billion from the world's biggest cryptocurrency exchange since it reopened, after hackers stole around US$6.3 billion of crypto from the platform in what could be the largest financial heist in history.
The exchange froze withdrawals for about 48 hours after the hack, which which the FBI said was carried out by North Korea, then started allowing customers to withdraw again on Sunday morning.
The theft has underlined the vulnerability of digital assets to attacks and raised questions about the impact on Binance, which has vowed to repay customers in full, and on the wider market.
