Exchanges1 source
Binance net outflows reach $5.3 billion after record hack. CEO says recovery underway
Headline from CoinDesk
Key points
- Binance experienced net outflows totaling $5.3 billion following a record hack.
- Over a 46-hour period, nearly $11 billion in funds left the exchange.
- Despite the massive capital flight, Chief Executive Officer Richard Teng announced that recovery efforts are underway and noted that hourly deposits have begun to surpass withdrawals across the platform.
Summarized automatically by Kryptokite from reporting by CoinDesk. Read the original sources for full detail.
Sources
- CoinDeskBinance net outflows reach $5.3 billion after record hack. CEO says recovery underway · 3 hours agoRead on CoinDesk
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