Binance tracked assets climb $3.4 billion in two days after post-hack withdrawal restart

The exchange's balances rebounded quickly after a $6.3 billion hot wallet breach and a wave of initial outflows Binance just had the worst week an exchange can have. Its tracked assets then rose by $3.4 billion in the two days after withdrawals came back online. That rebound follows a hot wallet breach that drained roughly $6.3 billion in tokens. It is the clearest early signal of whether users trust the world’s largest crypto exchange after the biggest hack the industry has seen. From a 20-minute drain to a phased reopening The attack hit on October 29, 2026, at approximately 20:05 UTC. Attackers exploited weaknesses in Binance’s hot wallets and pulled tokens across multiple blockchains in about 20 minutes. The breach has been attributed to TraderTraitor, a group linked to North Korea. Binance froze all withdrawals right after the attack. It then set aside more than $6.34 billion in corporate resources to cover the losses in full. Part of that money came from its SAFU reserve, an emergency fund built for exactly this situation, and part came from its futures insurance fund. The recovery moved fast. By October 31, Binance had replenished approximately 90% of the affected assets, mo...