$3.6B flees Binance on reopen, THORChain co-founder opposes coin freeze: Hodler’s Digest

Binance reopens withdrawals, sees net outflow of $3.64BBinance has reopened withdrawals for 15 blockchain networks, after $6.3 billion was stolen by North Korean hackers from its hot wallets late last week. Binance said today it had processed around $4.65 billion in withdrawals after reopening and received $1 billion in deposits. Founder Changpeng Zhao said that in the first 12 hours there had only been a 2.1% net outflow and that “98% choose to stay!”About 95% of the stolen crypto has already been replenished, using a mixture of Binance’s corporate reserves, insurance and 50% of the funds in the Secure Asset Fund for Users (SAFU).The biggest hack in history happened on Thursday, when North Korea’s TraderTraitor group gained access to delegated wallet permissions via a compromised laptop. Blockaid CEO Ido Ben-Natan told Cointelegraph that attackers could have stolen the funds without using EIP-7702 (account abstraction), but it may have helped them bypass safeguards and drain assets in one sweep.Binance co-CEO Richard Teng rejected the idea the hack could be attributed to a single compromised laptop.“To be clear: the attacker did not simply use one engineer’s permissions, and this ...