Binance outflows hit 4.7 billion after record North Korea hack

Binance outflows hit $4.7 billion after record North Korea hack The crypto market at large has faced a surge in cybercrime this year, fueled in part by the growing sophistication and availability of artificial intelligence tools. Traders have pulled billions from Binance since late last week, when the crypto exchange giant suffered the largest cyber theft in history. Net withdrawals from the platform reached $4.7 billion by Monday morning in London, according to a Binance spokesperson. While sizeable, the outflows still represents less than 4% of the $128 billion in assets held on the world's largest crypto venue. Binance restored customer withdrawals on Sunday after freezing them in the wake of the $6.4 billion exploit, which the Federal Bureau of Investigation has attributed to North Korean hackers.