Binance: following the resumption of trading, it has recorded outflows of 3.64 billion
Initial peak: withdrawals totalling 4.649 billion and deposits totalling 1.01
(Il Sole 24 Ore Radiocor) - Following the cyber-attack in recent days, Binance has begun to gradually resume withdrawals and has reactivated all 15 networks and operations planned for the initial phase.
Following an initial spike, withdrawal volumes have fallen and are stabilising as expected, whilst deposit volumes have remained at significant levels, the cryptocurrency firm writes on X.
"Between 06:00 and 15:30 UTC on 1 November, we processed withdrawals totalling $4.649 billion and deposits of $1.01 billion, resulting in a net outflow of approximately $3.64 billion. This figure represents 2.1 per cent of our total assets under management, which stand at $171 billion.” He added, “Our team is continuing to rigorously test the remaining networks and operations. We recognise how important it is to ensure secure and reliable access to your funds; we will provide further details on the next steps as soon as possible.” (Ale)
