New York Post
02 Nov 2026, 15:31 UTC · 4h ago
Binance sees $4.7B in customer withdrawals after stunning North Korea hack
Impact · against what's priced in
Binance faces significant treasury depletion following a record $6.4 billion hack, though its $157 billion asset base prevents insolvency. While the initial heist was an immediate shock, the subsequent $4.7 billion in customer withdrawals and the need to use corporate funds to cover 95% of losses create ongoing liquidity pressure and fundamental damage to the balance sheet.
- BINANCE−0.60
No priced-in read yet
- In context
The company suffered a $6.4 billion heist that exhausted its $1 billion SAFU reserve and forced it to use corporate treasury funds to cover 95% of losses. Furthermore, $4.7 billion in customer outflows since Sunday adds immediate liquidity pressure despite a total asset base of $157 billion.
