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Binance Customers Pull $3.64 Bn After $6.3 Bn Crypto Theft

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Following a major security breach that led to a $6.3 billion cryptocurrency theft, customers withdrew roughly $3.64 billion from Binance, the world's largest crypto exchange. The withdrawals reflected widespread initial alarm among users. Binance moved to reassure customers and resumed withdrawal services for several cryptocurrencies. The exchange used its own funds to replace nearly all of the stolen assets. The broader crypto market showed signs of recovery in the aftermath, and Binance has pledged to cover the resulting financial losses.

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