The identity of the hackers is unclear.

Binance says it is "working closely" with law enforcement to identify them and "bring them to justice".

It has not directly responded to BBC queries about the incident's potential links to North Korea.

It comes after two analytics firms attributed the incident to a North Korean hacking unit called TraderTraitor.

AI-powered investigations company TRM Labs said in a report that several elements of the Binance attack resemble earlier North Korean-linked incidents, including a $1.5bn (£1.1bn) hack on the ByBit exchange in 2025.