Binance users withdraw billions after record crypto hack
Binance users withdrew over $3.6 billion in assets following the exchange's reopening after a record-breaking $6.3 billion cyber attack. The company is working to restore services and has pledged to cover the losses incurred during the breach.
Why it matters
The incident represents the largest crypto hack in history, raising significant concerns about security and stability in the digital asset market.
Image source, Reuters By Osmond Chia Business reporter Published 3 minutes ago Binance customers withdrew more than $3.6bn (£2.7bn) of assets from the world's largest cryptocurrency exchange as it reopened on Sunday following a record hack last week .
The firm suspended all transactions in the wake of the incident, which impacted $6.3bn worth of digital assets.
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