Binance hack: Crypto exchange resumes withdrawals after more than $6 billion stolen, sees outflow of $4.7 billion
New Delhi, Nov. 2 -- Binance, the world's largest crypto exchange, on Sunday resumed withdrawal facility for its customers, days after it was hit by a massive cyber theft. Binance said that it had seen withdrawals of around $4.7 billion on Sunday, between 0600 GMT and 1530 GMT, and $1.01 billion in deposits. According to the company, the net outflow of $3.64 billion amounted to about 2.1 percent of the total assets it manages.
The crypto exchange also played down the spike in withdrawals in the early hours, and said that volumes had declined and were stabilizing, while deposit volumes remained substantial. Co-founder and former CEO Changpeng Zhao, aka CZ, also thanked Binance customers for their support.
"2 hours after withdrawals resum...
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