Binance reports $11 billion withdrawn in 46 hours as Zhao says few funds went to rivals

Key points

• Binance recorded around $11 billion in user withdrawals within a 46-hour window after resuming operations following a major $6 billion security breach on October 29.
• While incoming deposits of approximately $6 billion helped cushion the impact, the exchange still experienced about $5 billion in net outflows during this timeframe, according to reported figures.

Summarized automatically by Kryptokite from reporting by CryptoSlate. Read the original sources for full detail.