Binance sees $3.64 billion in net outflows as withdrawals resume after massive hack
Summary
Cryptocurrency exchange Binance experienced billions in net outflows shortly after reopening withdrawals following a massive security breach. The movement accounted for a small fraction of the platform's overall digital assets.
Binance recorded $3.64 billion in net outflows after resuming withdrawals following a $6.3 billion hack, representing 2.1% of its total assets.
Source: Read the full story at US Top News and Analysis
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.