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Binance sees $3.64 billion in net outflows as withdrawals resume after massive hack

CBS NewsBinance sees $3.64 billion in net outflows as withdrawals resume after massive hack
Image: New York Times

What the coverage says

Following a massive security breach involving the theft of $6.3 billion in tokens, Binance has brought normal transactions back online in phases, according to CBS News and the New York Times, with TechCrunch adding that the company has now covered 95 percent of the stolen assets. While the New York Times noted the theft has been linked to North Korea, CNBC reported that the ensuing customer departures resulted in $3.64 billion in net outflows, which accounts for 2.1 percent of the exchange's total assets.

Written by HeadlineShine from 4 outlets' reporting, with AI assistance. Each outlet's own story is listed alongside.

Read the full story on CNBC

Timeline

  1. CBS News first reported it
  2. TechCrunch reported it
  3. New York Times reported it
  4. CNBC reported it
  5. Latest update
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