Overview
- Binance disclosed a security breach that occurred Thursday and initially removed about $6.3 billion from the exchange’s hot wallets, an amount later reduced as firms froze funds on‑chain.
- The FBI publicly attributed the attack to North Korean actors while stablecoin issuers froze roughly $2.3–3 billion of the stolen assets, limiting how much could be cashed out on‑chain.
- U.S. spot Bitcoin ETFs recorded roughly $643 million in net outflows in the first full trading session after the hack, reversing four days of inflows and representing a short‑term de‑risking against roughly $98 billion in ETF assets.
- The shock triggered large leverage unwindings with more than $1.3–1.6 billion in futures liquidations, brief price swings that sent bitcoin to the mid‑$76k range before partial recovery toward about $78k.
- Binance says it will cover customer losses, reported replenishing about 90–95% of affected assets, and has resumed withdrawals in phases while markets and regulators watch custody practices and ETF flow sensitivity.