Binance withdrawals hit $4.7 billion after giant crypto hack
FROM THE WIRE · SEEKINGALPHA.COM
[A close-up of a hackers hand interacting with glowing code on a laptop screen] Users have withdrawn $4.7B from Binance, the world's largest crypto exchange, by Monday morning London time, according to a media report. That's up from the $3.6B of pulled funds reported as of…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe record theft and heavy outflows from the largest crypto exchange can weigh on the crypto market.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Users withdrew $4.7 billion from Binance by Monday morning.
- 02The outflows are less than 3% of the platform's $166 billion in assets.
- 03Binance had frozen withdrawals after a $6.4 billion theft attributed to North Korean hackers.
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Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets