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Customers of Binance, the world’s largest cryptocurrency exchange, withdrew approximately $3.6bn in assets after the platform resumed transactions on Sunday following a cyberattack involving $6.3bn worth of digital assets. In a statement published on X, Binance said it processed $4.649bn in withdrawals and $1.01bn in deposits between 06:00 and 15:30 GMT on November 1, resulting in a net outflow of approximately $3.64bn.
Context & Background
✦According to Binance, Sunday’s net withdrawals represented just over two per cent of the $171bn in assets under its management.
Key Figures & Named Entities
Sunday:Customers of Binance, the world’s largest cryptocurrency exchange, withdrew approximately $3.6bn in assets after the platform resumed transactions on Sunday following a cyberattack involving $6.3bn worth of digital assets.$4.649:In a statement published on X, Binance said it processed $4.649bn in withdrawals and $1.01bn in deposits between 06:00 and 15:30 GMT on November 1, resulting in a net outflow of approximately $3.64bn.$4.649 billion:“Between 06:00 and 15:30 [GMT] on November 1, we processed $4.649 billion in withdrawals and $1.01 billion in deposits, resulting in a net outflow of approximately $3.64 billion,” the company said.
Outlook & Next Steps
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Key Takeaways
Verified Extract
✦Customers of Binance, the world’s largest cryptocurrency exchange, withdrew approximately $3.6bn in assets after the platform resumed transactions on Sunday following a cyberattack involving $6.3bn worth of digital assets.
✦In a statement published on X, Binance said it processed $4.649bn in withdrawals and $1.01bn in deposits between 06:00 and 15:30 GMT on November 1, resulting in a net outflow of approximately $3.64bn.
✦According to Binance, Sunday’s net withdrawals represented just over two per cent of the $171bn in assets under its management.
Key Facts:Sunday: Customers of Binance, the world’s largest cryptocurrency exchange, withdrew approximately $3.6bn in assets after the platform resumed transactions on Sunday following a cyberattack involving $6.3bn worth of digital assets.$4.649: In a statement published on X, Binance said it processed $4.649bn in withdrawals and $1.01bn in deposits between 06:00 and 15:30 GMT on November 1, resulting in a net outflow of approximately $3.64bn.$4.649 billion: “Between 06:00 and 15:30 [GMT] on November 1, we processed $4.649 billion in withdrawals and $1.01 billion in deposits, resulting in a net outflow of approximately $3.64 billion,” the company said.Sunday: According to Binance, Sunday’s net withdrawals represented just over two per cent of the $171bn in assets under its management.
Editorial Excerpt
Customers of Binance, the world's largest cryptocurrency exchange, withdrew approximately $3.6bn in assets after the platform resumed transactions on Sunday following a cyberattack involving $6.3bn worth of digital assets.
Frequently Asked Questions About This Story
What is the key takeaway from this report?
Customers of Binance, the world’s largest cryptocurrency exchange, withdrew approximately $3.6bn in assets after the platform resumed transactions on Sunday following a cyberattack involving $6.3bn worth of digital assets.
What additional context is highlighted in this report?
In a statement published on X, Binance said it processed $4.649bn in withdrawals and $1.01bn in deposits between 06:00 and 15:30 GMT on November 1, resulting in a net outflow of approximately $3.64bn.
What timeline or key figures were confirmed?
Customers of Binance, the world’s largest cryptocurrency exchange, withdrew approximately $3.6bn in assets after the platform resumed transactions on Sunday following a cyberattack involving $6.3bn worth of digital assets.
