Industry News
Binance Customers Withdraw $4.72 Billion Following Record Cyberattack as Operations Stabilise
Binance customers have withdrawn a net $4.72 billion following a record $6.3 billion cyberattack, representing approximately 3 percent of assets held on the platform. The cryptocurrency exchange reported that withdrawals are stabilising and recorded $2.7 billion in deposits since operations resumed on Sunday. Co-CEO Richard Teng stated at Hong Kong Fintech Week that the firm remains in a strong financial position and has replenished 95 percent of affected assets.
