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Binance Wallets See $2.5 Billion in Outflows After Withdrawals Reopen Following Hack
(4 hours ago) · 1 source · Summarized by CryptoBipto
Tracked Binance wallets recorded approximately $2.5 billion in outflows after the exchange reopened withdrawals following a security breach. The large-scale withdrawals suggest users moved funds off the platform after the hack. Details about the size and nature of the original hack remain relevant context for the outflows.
WHY IT MATTERS
A cryptocurrency exchange is like a bank where people store their digital money.
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SOURCES
- cryptoslate.com
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