Binance reports $3.64 billion in outflows after resuming withdrawals
Binance saw $3.64 billion leave the exchange as it resumed withdrawals following a $6.3 billion theft that has been linked to North Korea, according to The New York Times.
Binance reported $3.64 billion in outflows as it resumed normal transactions, The New York Times reports. The paper says customer withdrawals rose immediately after the restart.
The outflows follow the theft of $6.3 billion in tokens. The Times says the theft has been linked to North Korea. The other reports do not say who was responsible.
CBS News reported that Binance is bringing withdrawals back in phases, pending security checks, and that at first only some cryptocurrencies were covered. France 24 reported that Binance said withdrawals were resuming.
CNBC reported earlier that Binance said it had restored backing for 90% of the assets affected by the hack. It said the exchange planned to restart withdrawals on Sunday, subject to security checks.
Reported by
- CNBCBinance says 90% of $6.3 billion hack losses are now covered, plans to resume withdrawals SundaySat, Oct 31, 12:03 PM EDT
- France 24Binance says resuming withdrawals after major hackSun, Nov 1, 2:01 AM EST
- CBS NewsBinance resumes withdrawals for some cryptocurrencies after heistSun, Nov 1, 5:35 AM EST
- The New York TimesBinance Reports $3.64 Billion in Outflows as It Resumes Normal TransactionsSun, Nov 1, 1:28 PM EST
- CNBCBinance sees $3.64 billion in net outflows as withdrawals resume after massive hackSun, Nov 1, 7:11 PM EST
This story was written by AI using only the reports listed above, and published without a person reviewing it first. It is rewritten as new reports arrive. Read the original reporting for full detail. Spot an error? Tell us.
Earlier versions (2)
- Sun, Nov 1, 5:40 AM EST, 3 outlets: Binance resumes withdrawals for some cryptocurrencies after $6.3 billion hack
- Sun, Nov 1, 3:55 AM EST, 2 outlets: Binance says it will resume withdrawals after $6.3 billion hack