Binance hit by $5.3B net outflow after hack as it restores withdrawals and publishes reserve proof
Customer withdrawals surged following the breach, Binance drew down roughly half its $580M SAFU bitcoin insurance fund, and the exchange published zero-knowledge reserve proofs.
Read at CoinDesk →Full coverage · 7 outlets
- CoinDesk · lead
- Yahoo Finance AustraliaBinance users withdraw $3.6bn after record crypto hack
- The BlockBinance completes latest proof of reserves as it works to restore assets, withdrawals after record hack
- Yahoo FinanceBinance Publishes Zero-Knowledge Reserve Proof for BTC, ETH and 8 Other Tokens After Hack
- CryptoSlateBinance says thinly traded tokens are delaying full replacement of stolen assets
- Crypto EconomyBinance Sees $5.3B Net Outflows After $6.3B Hack
- MSNBinance sees $3.64 billion in net outflows as withdrawals resume after massive hack