Binance users withdraw $3.6bn after record crypto hack
Binance customers withdrew more than $3.6bn in assets after the cryptocurrency exchange reopened on Sunday following a major hack last week. The incident affected $6.3bn worth of digital assets and prompted the firm to suspend all transactions while it worked to restore services. The exchange said withdrawals later began to stabilise after an initial surge.The company said it has covered around 95% of the assets stolen in the breach, while the remaining amount may take longer to source. Binance has said repeatedly that it will cover all losses linked to the attack. It also said withdrawals for major cryptocurrencies such... [Continue Reading]
360LiveNews | 02 Nov 2026 00:59 LONDON
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Day News Recap: Iran tensions, Gaza strikes and Binance hack dominate a volatile day
Binance said it had resumed customer withdrawals in phases after a hack that stole about $6.3bn in cryptocurrency, with the FBI blaming a North Korea linked group for the record theft. 🔗Iran sharpened its warnings to Washington, saying any renewed US or allied attack would draw an immediate response that would be both impactful and geographically unrestricted, while also saying a new war could last longer after Donald Trump threatened fresh strikes. 🔗 🔗Despite the threats, Tehran said mediated contacts with the United States could still produce a deal, with Qatar continuing to play a diplomatic role as both sides... [Continue Reading]
360LiveNews Recap | 01 Nov 2026 18:28 LONDON
Binance restarts withdrawals after $6.3bn heist blamed on North Korea
Binance has begun restoring customer withdrawals after hackers stole about $6.3bn in cryptocurrency in what authorities have described as a record theft. The exchange said it resumed some services on Sunday after suspending them following Thursday's breach, while security checks and an internal investigation continued. Withdrawals are being reopened in stages, with Bitcoin, Ether and some stablecoin services among the first to return.The company said it had replaced about 95% of the affected assets and would absorb the financial impact rather than pass losses on to users. In a statement posted on X, Binance said customers whose transactions fail should... [Continue Reading]
360LiveNews | 01 Nov 2026 13:32 LONDON
Noontime News Recap: Hormuz diplomacy, UK Iran tensions and election fights dominate a busy noon brief
Iranian officials are continuing talks with Qatari mediators on a two day plan to reopen the Strait of Hormuz, even as military warnings remain high and the Gulf shipping route stays under pressure. 🔗That tension was sharpened by a separate incident in the Gulf, where a liquefied natural gas carrier belonging to Qatar Gas Transport Company was struck by unidentified objects while sailing, adding to concern over energy and maritime security in the region. 🔗Relations between Tehran and London also deteriorated further after Iran designated the Royal Air Force and the Royal Navy as terrorist organisations and warned the United... [Continue Reading]
360LiveNews Recap | 01 Nov 2026 12:27 LONDON
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Binance resumes withdrawals in phases after major hack as FBI blames North Korea-linked group
Binance said on Sunday that it had resumed withdrawals after a major hack that affected more than $6 billion in funds. The exchange said the first phase reopened on the Bitcoin network, with access being restored in stages rather than all at once. It had suspended user withdrawals after the attack while it worked to contain the breach and assess the damage.The company said it was taking a phased approach, prioritising tokens based on recent user demand and reopening each network only after stability and security checks were completed. Binance also said it had set aside more than $6.34 billion... [Continue Reading]
360LiveNews | 01 Nov 2026 08:59 LONDON
Binance freezes $2.54bn in funds amid potential security issue
Cryptocurrency exchange Binance said at least $2.54bn in funds have been frozen after what it described as a potential security issue. The company said it had suspended all deposits and withdrawals as a precaution while it investigated the incident and engaged law enforcement. The move affects the world's largest crypto exchange and comes amid immediate concern over the security of user assets.Binance said its security teams were reviewing the situation urgently and would provide updates through official channels once information had been verified. The exchange also warned users to be cautious of scams and not to trust unofficial links, messages... [Continue Reading]
360LiveNews | 30 Oct 2026 01:08 LONDON
