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via livemint.comTech & AI

Binance loses $3.6 billion after $6.3 billion crypto hack

FROM THE WIRE · LIVEMINT.COM

The exchange said the movement of funds eased after an initial surge in withdrawals. Binance had temporarily suspended withdrawals following Thursday's hack to investigate the incident and stabilise its systems.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishLarge outflows from a major exchange can weigh on crypto sentiment.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Binance recorded outflows of $3.6 billion.
  2. 02The exchange had temporarily suspended withdrawals after Thursday's hack.
  3. 03Fund movements eased after an initial surge in withdrawals.

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