Binance Users Withdraw $3.4 Billion After Record Crypto Heist

Binance users withdraw $3.4 billion after record crypto heist

Customers of cryptocurrency trading platform Binance withdrew some $3.4 billion of their funds on Sunday after Binance reopened trading. The company had suspended all operations after a cyberattack that compromised over $6 billion in digital assets. Also in this edition: the Wall Street Journal reports on a new US plan to restore Russian gas sales to Europe, and we look at Argentina's efforts to capitalise on Patagonia's wide open spaces to attr…

Binance records $6 billion outflows after starting withdrawals, less then 4% of total holdings

The outflows followed a 45-hour withdrawal freeze after a $6.3 billion theft, with rival exchanges attracting deposits as customers regained access to their funds.

Binance Withdrawals Top FTX in November: We Run the Numbers

Binance withdrawals hit FTX levels in November, but $171B assets, hack coverage, and Bitcoin's resilience point to a stronger crypto market.

Binance Wallets Record $6.1 Billion in Outflows After Withdrawals Resume

The 24-hour gross total equaled about 3.6% of Binance’s pre-hack asset figure; the exchange put net outflows at $3.64 billion in its first 9.5 hours.