Binance is facing renewed pressure as reports claim users have withdrawn more than $4 billion in assets since the exchange began restoring withdrawals on November 1.
The withdrawals resumed in phases following the massive security breach, with Binance saying it has replaced approximately 95% of the stolen assets using company funds.
The scale of the reported outflows is now drawing attention to user confidence. Even with Binance covering the losses, the incident could leave users more cautious about keeping funds on centralized exchanges.
The $4 billion withdrawal figure has not yet been confirmed in Binance’s official updates.
#BTC Price Analysis# #Macro Insights# $BNB $BTC
The withdrawals resumed in phases following the massive security breach, with Binance saying it has replaced approximately 95% of the stolen assets using company funds.
The scale of the reported outflows is now drawing attention to user confidence. Even with Binance covering the losses, the incident could leave users more cautious about keeping funds on centralized exchanges.
The $4 billion withdrawal figure has not yet been confirmed in Binance’s official updates.
#BTC Price Analysis# #Macro Insights# $BNB $BTC
