Binance has reopened withdrawals, and the first figures are out 👀
After the $6.3 billion incident, the exchange recorded net outflows of $3.64 billion on Nov. 1, equivalent to 2.1% of its total assets.
Binance said withdrawals have cooled off after the initial surge, while deposits remain strong.
The exchange also said it has compensated for around 95% of the affected funds, up from 90% last time.
Withdrawals are being reopened in phases, so some tokens may not be available to withdraw right away.
I think this is a major test of confidence for $BNB and the market as a whole.
Have you tried withdrawing a little, or are you still waiting for more information? Let me know 👇
$BTC #Binance #SAFU
Personal opinion, not investment advice
After the $6.3 billion incident, the exchange recorded net outflows of $3.64 billion on Nov. 1, equivalent to 2.1% of its total assets.
Binance said withdrawals have cooled off after the initial surge, while deposits remain strong.
The exchange also said it has compensated for around 95% of the affected funds, up from 90% last time.
Withdrawals are being reopened in phases, so some tokens may not be available to withdraw right away.
I think this is a major test of confidence for $BNB and the market as a whole.
Have you tried withdrawing a little, or are you still waiting for more information? Let me know 👇
$BTC #Binance #SAFU
Personal opinion, not investment advice