Binance customers withdraw $7.42 billion after crypto heist – CBS News

Binance customers withdraw $7.42 billion after crypto heist  CBS NewsNorth Korea denies involvement in $6.3B Binance crypto heist  The Washington PostBinance founder Changpeng Zhao addresses historic crypto hack: ‘There’s no 100% security’  Yahoo FinanceNorth Korea denies links to Binance hack as researchers trace stolen billions  CNBCBinance says outflows normalised as North Korea rejects US allegation over heist  Reuters

Binance said the net outflow from the cryptocurrency exchange represents just 3% of its total holdings. Binance customers withdrew $7.4 billion from the cryptocurrency exchange after it suffered what security experts said was the largest digital coin theft ever. On Monday, a Binance spokesperson said customers also deposited $2.7 billion after the company allowed people to resume transactions on Sunday for Bitcoin, Ethereum and other cryptocurrencies, resulting in a net outflow of $4.7 billion in the company's holdings. Binance, the world's largest cryptocurrency exchange with more than 300 million users, said the value of crypto holdings being withdrawn represents just 3% of its $157 billion in total assets.

"The net outflow is a relatively limited portion of Binance's overall asset base," the Binance spokesperson said in an email. "Withdrawal levels are stabilizing to what we would consider normal and expected on-chain activity." The fund withdrawals came after cybercriminals, whom the FBI linked to North Korea, stole $6.3 billion in digital currency from Binance. North Korea denies involvement in the attack. On Tuesday, Kim Yo Jong, the sister of North Korean leader Kim Jong Un, called the FBI announcement "a trite provocation" and "an absurd