Binance reopens withdrawals as customers pull billions after hack

First reported by The Block at · Updated · 2 sources

The Information reported $5.8 billion in net outflows after the world’s largest crypto exchange resumed withdrawals Sunday morning following a $6.3 billion hack. The Block reported a lower figure of $3.64 billion and said Binance reported that withdrawal volumes had declined after an initial spike.

  • Binance said outflows equaled 2.1% of its $171 billion in assets, according to The Block.

Covered by 2 publishers within 7 hours of the first report.

Reporting2

The Block Binance sees $3.64 billion in net outflows after reopening withdrawals following record hack · Zack Abrams
The Information Binance Allows Customers to Resume Withdrawals, Sees $5.8 Billion Net Outflow · Yueqi Yang

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Topics Crypto