# Binance reopens withdrawals as customers pull out $3.6bn after hack

- URL: https://talkfuse.com/story/crypto-scammers-on-overdrive-as-binance-customers-pull-billions-from-accounts-after-6-3bn-hack-business-live/
- Published: 2026-11-02T08:27:06+00:00
- Original publisher: The Guardian (publisher lean: Left)
- Original article: https://www.theguardian.com/business/live/2026/nov/02/crypto-scam-binance-billion-hack-business-live-latest-updates-news
- Topics: Business, Crypto, Cybersecurity, Technology

## Key points

- Binance users withdrew a net $3.6bn after the $6.3bn hack.
- The exchange warned that scammers are targeting customers.
- Bitcoin funds and options markets showed signs of caution.

## Summary

Binance is facing heavy withdrawals after a record $6.3bn theft on Thursday, which experts say was probably carried out by North Korea. The incident has unsettled crypto markets, while Binance founder Changpeng Zhao warned that scammers are targeting customers trying to withdraw their money.

After briefly freezing withdrawals, Binance began reopening them in stages on Sunday. By Sunday afternoon it had processed $4.6bn in withdrawals and $1bn in deposits, a net outflow of about $3.6bn, or 2.1% of its $171bn in assets. US Bitcoin exchange-traded funds also saw $643m in net outflows on Friday, and options trading shifted towards protection against further falls.

## Coverage

- [The Guardian: Binance reopens withdrawals as customers pull out $3.6bn after hack](https://www.theguardian.com/business/live/2026/nov/02/crypto-scam-binance-billion-hack-business-live-latest-updates-news)
- [The Guardian: Investors pull billions in funds from Binance after record $6.3bn hack](https://www.theguardian.com/business/2026/nov/01/investors-take-out-36bn-from-binance-after-record-hack-that-stole-billions)

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.