🚨 BINANCE RESUMES WITHDRAWALS: $3.64 BILLION LEFT THE EXCHANGE IN JUST 9.5 HOURS!
Following a serious security incident on October 29, Binance officially began restoring withdrawal services in phases starting November 1.
Key figures:
💰 $4.65 billion: Total value withdrawn by users in the first 9.5 hours.
💵 $1.01 billion: Total deposits over the same period.
📉 $3.64 billion: Net withdrawal value, equivalent to approximately 2.1% of Binance's total assets of $171 billion.
🛡️ 95%: The share of affected assets that Binance says it has replenished using its own funds.
Notably, Binance said withdrawals declined after the initial surge, while deposit flows remained substantial.
Resuming withdrawals is an important step forward, but market confidence will need to be backed up by stable operations and Proof of Reserves reports.
Do you think this is a sign that Binance has overcome the crisis, or does the market still need more time to assess the situation?
#Binance #Crypto #Bitcoin #Security #MarketUpdate $BTC
Following a serious security incident on October 29, Binance officially began restoring withdrawal services in phases starting November 1.
Key figures:
💰 $4.65 billion: Total value withdrawn by users in the first 9.5 hours.
💵 $1.01 billion: Total deposits over the same period.
📉 $3.64 billion: Net withdrawal value, equivalent to approximately 2.1% of Binance's total assets of $171 billion.
🛡️ 95%: The share of affected assets that Binance says it has replenished using its own funds.
Notably, Binance said withdrawals declined after the initial surge, while deposit flows remained substantial.
Resuming withdrawals is an important step forward, but market confidence will need to be backed up by stable operations and Proof of Reserves reports.
Do you think this is a sign that Binance has overcome the crisis, or does the market still need more time to assess the situation?
#Binance #Crypto #Bitcoin #Security #MarketUpdate $BTC
