After the incident, which affected digital assets worth $6.3 billion, Binance suspended all transactions. According to information obtained by the BBC, the hackers who carried out the breach used fake job interviews and a compromised internal artificial intelligence tool to gain access to the exchange's systems.
Withdrawal volumes and the company's actions
Between 06:00 and 15:30 GMT on November 1, Binance users processed $4.649 billion in withdrawals and $1.01 billion in deposits, resulting in a net outflow of approximately $3.64 billion. According to Binance, net withdrawals on Sunday amounted to just over 2% of the company's total assets under management of $171 billion.
The company said it had reserved more than $6.3 billion to deal with the aftermath of the attack. Binance also said it had covered about 95% of the assets stolen in the hack, although recovering the remaining amount may take longer. Withdrawals were also resumed for more than two dozen major cryptocurrencies, including Bitcoin.
Accusations in the incident
Major organizations, including the U.S. Federal Bureau of Investigation (FBI), have accused North Korea of the cyberattack.
