Binance Outflows Reached $6.1 Billion After Reopening Withdrawals
TL;DR Binance-linked wallets recorded approximately $6.1 billion in outflows within 24 hours of withdrawals resuming The Binance outflows represented around 3.6% of the exchange’s previously reported $171 billion in assets Binance says withdrawal demand is stabilising and claims to have replenished approximately 95% of the assets affected by the hack Binance Faces Withdrawal Pressure After […]
Key Takeaways
- TL;DR Binance-linked wallets recorded approximately $6.1 billion in outflows within 24 hours of withdrawals resuming The Binance outflows represented around 3.6% of the exchange’s previously reported $171 billion in assets Binance says withdrawal demand is stabilising and claims to have replenished approximately 95% of the assets affected by the hack Binance Faces Withdrawal Pressure After […]
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from Bitcoinist. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Security
Binance Hack Fallout Keeps Bitcoin Price Under Pressure Below $77K
Bitcoin slipped below $77,000 on Monday, despite Binance’s announcement that it had fully replenished assets lost in the recent hack using its own funds. Another, albeit much smaller crypto exchange hack also popped up on Monday. Bitcoin Drops Below $77K…
Binance completes latest proof of reserves as it works to restore assets, withdrawals after record hack
Binance users can now independently verify 1:1 backing for BTC, ETH, BNB, SOL, XRP and more as it replenishes 95% of assets lost in record hack.
Bitmine Buys More Ethereum as Tom Lee Calls the Binance Hack Bullish
The chairman laid out six reasons the market’s “muted” 4% ETH drop after the record Binance theft shows crypto is “increasingly resilient,” as the firm’s stash neared its 5% supply goal.