Binance tracked assets climb after exchange resumes withdrawals following hack
Image: Crypto BriefingBinance tracked assets grew by $3.4 billion in two days after the exchange resumed withdrawals following a $6.3 billion hack. The October 29 attack drained hot wallets across multiple blockchains. Binance froze withdrawals immediately and replenished roughly 90% of affected assets by October 31. Partners froze about $3 billion of stolen tokens. Following the restart of withdrawal services, Binance recorded asset gains while competitors like OKX and Bybit also saw inflows.
Key points
- Binance tracked assets rose by $3.4 billion in two days after withdrawals resumed following a hack.
- A hot wallet breach drained roughly $6.3 billion in tokens from Binance on October 29.
Why it matters
The asset recovery figures show how user balances and exchange liquidity shifted across major platforms following a multi-billion-dollar security breach and subsequent withdrawal freezes.
Sources · 3 publishers
CoinDesk
Tier 1
What is TraderTraitor, the hacking squad behind the $6.3 billion Binance heist
CryptoPotato
Tier 2
Are Users Returning? Binance Gains $3.4B in Tracked Assets After Hack
Coverage timeline
- First reported by Crypto Briefing
- Also reported by CoinDesk
- CryptoVideos brief published
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