Investors pull $3.6bn from Binance after record hack that stole billions
Cryptocurrency exchange has begun to allow withdrawals after $6.3bn theft believed to have come from North Korea
TL;DR
- Investors withdrew $3.6 billion from Binance following a $6.3 billion hack.
- North Korea-affiliated group TraderTraitor is suspected of carrying out the hack.
- Binance has begun a phased reopening of withdrawals and aims to cover the stolen funds.
- The hack has led to a plunge in the prices of Bitcoin, Ethereum, and BNB.
- The incident draws attention to North Korea's ability to generate revenue through illicit means.