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Following the largest cyber theft in history—a staggering $6.3 billion heist linked to North Korean hackers—Binance has absorbed a $3.6 billion net outflow as customer withdrawals resumed. Despite the shockwaves sent through the crypto sector, the exchange is covering the massive losses from its own treasury, proving its market dominance remains largely unshaken.

$6.3 billion hack of Binance has instantly sent the cryptocurrency market into a tailspin, wiping out $1.5 billion in traders’ leveraged positions. While the exchange has urgently frozen withdrawals and promised to cover the losses from its SAFU fund, Elon Musk has predicted an era of endless cyberattacks for the industry.