Hacking News
Binance Experiences Billions in Outflows After Hack
Binance, a cryptocurrency exchange, experienced $3.64 billion in net outflows after resuming withdrawals following a significant hack. Withdrawal volumes later declined, with the exchange reporting $4.649 billion in withdrawals versus $1.01 billion in deposits over a 9.5-hour period, resulting in a net outflow of $3.64 billion. The hack affected multiple cryptocurrencies including Bitcoin, Ether, Tether, and USD Coin.