Binance net outflows reach $5.3 billion after record hack. CEO says recovery underway
Summary
Crypto exchange Binance experienced massive net outflows totaling $5.3 billion following a record security breach. Despite nearly $11 billion leaving the platform within a two-day period, the company's chief executive reported that hourly deposits have started to surpass withdrawals as recovery efforts progress.
Nearly $11 billion left the exchange over 46 hours, although CEO Richard Teng said hourly deposits were beginning to exceed withdrawals.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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