Binance co-CEO says company is in very strong financial health after $6.3 billion heist

· CNA · Join
Richard Teng, Co-Chief Executive Officer of Binance, attends the Hong Kong FinTech Week in Hong Kong, China, November 3, 2026. REUTERS/Tyrone Siu
Binance logo and hacker code are seen in this illustration taken October 30, 2026. REUTERS/Dado Ruvic/Illustration

Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST Tap here to return to FAST
FAST

HONG KONG, Nov 3 : Binance co-CEO Richard Teng said on Tuesday the company is in very strong financial health and a "post mortem" of its $6.3 billion cyber heist will be released in due course. 

Teng told a Hong Kong Fintech Week event Binance's hourly inflows and outflows had "pretty much normalised" and 95 per cent of the affected tokens had been replenished.

Binance said earlier that customers had withdrawn a net $4.72 billion as of Monday after the exchange was hit last week with what could be the largest-ever financial heist.

The FBI said at the weekend that North Korea was responsible for the theft of more than $6 billion in crypto assets, a crime that sent shockwaves through the industry. North Korea rejected the allegations and said they were "absurd rhetoric".

Source: Reuters

Newsletter

Week in Review

Subscribe to our Chief Editor’s Week in Review

Our chief editor shares analysis and picks of the week's biggest news every Saturday.

Sign up for our newsletters

Get our pick of top stories and thought-provoking articles in your inbox

Subscribe here

Get the CNA app

Stay updated with notifications for breaking news and our best stories

Download here

Get WhatsApp alerts

Join our channel for the top reads for the day on your preferred chat app

Join here