industry
Binance outflows stabilize after customers withdraw billions following hack
Reuters reported net customer withdrawals of about $4.72 billion after the exchange reopened, while subsequent inflows indicated activity was stabilizing.
Binance customers withdrew a net $4.72 billion after the exchange reopened following a major security breach, Reuters reported. The outlet also reported subsequent inflows as activity began to stabilize. Avenor News covers the figures as industry news and does not provide guidance on whether users should hold, deposit or withdraw assets from any platform.
Primary source: Reuters