Binance sees spike in customers pulling funds out after covering bulk of stolen $6.3 billion

Binance sees outflows stabilising as exchange returns online after US$6.3 billion heist

The world's biggest cryptocurrency exchange has moved to reassure crypto investors and said withdrawals were stabilising after an initial spike.

$6.3 billion gone in 20 minutes: Binance back online after hack, says it will cover 95% of stolen assets

The cyberattack on Binance shook the internet last week. Roughly $6.3 billion worth of assets were stolen from the world’s largest crypto exchange, that too within a matter of minutes. But Binance claims to have covered 95 per cent of the losses for its customers.

Binance sees outflows stabilising as exchange returns online after $6.3 billion heist

Binance customers pulled $3.64 billion, or 2.1% of its assets, as the world's biggest cryptocurrency exchange resumed service after a security breach linked to North Korea saw $6.3 billion stolen from the platform last week.

Binance hack: Users withdraw $3.6bn after record crypto heist

The exchange froze transactions in the wake of the incident, which impacted $6.3bn worth of digital assets.

Binance Sees $5.8B in Net Outflows After Record Hack

The exchange says withdrawals surged after some services resumed but have since slowed, with the outflows representing a fraction of its roughly $171 billion in customer assets.

Binance details US$3.6 billion net outflows after hack

Binance details US$3.6 billion in net outflows after cyber theft and says it will reimburse customers in full. Read more at straitstimes.com.