Binance Has Shed $16B Since The Hack as Its Proof Lands Tuesday
Binance’s tracked assets have fallen by about $16.6 billion since the Oct. 29 hack. Its full zero-knowledge reserve proof, first promised for Monday, is now due Tuesday, Nov. 3. A $15.7 Billion Drawdown Data from analytics platform Defillama shows the value of Binance’s tracked exchange assets fell from about $144.9 billion on Oct. 29 to […]
Key Takeaways
- Binance’s tracked assets have fallen by about $16.6 billion since the Oct.
- Its full zero-knowledge reserve proof, first promised for Monday, is now due Tuesday, Nov.
- A $15.7 Billion Drawdown Data from analytics platform Defillama shows the value of Binance’s tracked exchange assets fell from about $144.9 billion on Oct.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Security
A $6.3 Billion Hack Tested Bitcoin’s Bull Market. 3 Signs It Passed
The largest crypto hack on record hit Binance last week. Bitcoin’s (BTC) charts, however, show little sign of a broken bull market. Three signals point that way, from the weekly close to monthly momentum. One group of investors still has reason for caution…
Binance hack fallout, U.S. midterms and jobs report: Crypto Week Ahead
Your look at what’s coming in the week starting Nov. 2.
Bitcoin ETFs sink into October outflows with $643M exit after Binance hack
US spot Bitcoin ETFs ended October with $515 million in net withdrawals, while Ether funds posted a record $1.61 billion in monthly outflows.