Binance, one of the world’s largest cryptocurrency exchanges, has resumed withdrawals following a $6.3 billion cyberattack.
A Net Outflow of $3.6 Billion Occurred!
Binance announced that in the first 9 hours after withdrawals resumed, it processed approximately $4.6 billion in withdrawals and $1 billion in deposits. This indicates a net capital outflow of approximately $3.64 billion from the exchange.
The exchange also stated that 95% of the losses incurred due to the attack were covered by its own resources. At this point, it was reported that large cryptocurrency balances such as Bitcoin, Ethereum, and BNB were fully restored, while the remaining 5% consisted of less liquid tokens.Binance added that it will continue to make direct purchases from markets and utilize OTC trading channels to fill the missing cryptocurrencies.
Furthermore, according to the latest reserve data as of October 28, it was stated that this corresponds to approximately 2.1% of their total assets of $171 billion.
Binance also stated that withdrawal volumes, which peaked in the initial hours, have decreased over time, “stabilizing as expected. Deposit volumes, however, have remained at a significant level.”
