Binance sees outflows stabilising as exchange returns online after US$6.3 billion heist
- Binance customers pulled US$3.64 billion, or 2.1 per cent of its assets, as the world's biggest cryptocurrency exchange resumed service after a security breach linked to North Korea saw US$6.3 billion stolen from the platform last week.
- The exchange moved to reassure crypto investors and said withdrawals were stabilising after an initial spike and deposit volumes had remained "substantial" after what analysts believe may be the world's biggest financial robbery ever.
- After hitting a six-week low on Friday, bitcoin prices recovered slightly through the weekend to trade above US$78,000 on Monday.
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- Binance customers pulled US$3.64 billion, or 2.1 per cent of its assets, as the world's biggest cryptocurrency exchange resumed service after a security breach linked to North Korea saw US$6.3 billion stolen from the platform last week.
- The exchange moved to reassure crypto investors and said withdrawals were stabilising after an initial spike and deposit volumes had remained "substantial" after what analysts believe may be the world's biggest financial robbery ever.
- After hitting a six-week low on Friday, bitcoin prices recovered slightly through the weekend to trade above US$78,000 on Monday.
Sources: CNA