Binance users withdraw $3.6bn after record crypto hack
Binance customers withdrew more than $3.6bn in assets after the cryptocurrency exchange reopened on Sunday following a major hack last week. The incident affected $6.3bn worth of digital assets and prompted the firm to suspend all transactions while it worked to restore services. The exchange said withdrawals later began to stabilise after an initial surge.The company said it has covered around 95% of the assets stolen in the breach, while the remaining amount may take longer to source. Binance has said repeatedly that it will cover all losses linked to the attack. It also said withdrawals for major cryptocurrencies such... [Continue Reading]
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