Binance Outflows Reach $4.7 Billion After North Korea Hack

Binance Outflows Reach $4.7 Billion after the exchange restored customer withdrawals following a hack attributed to North Korea, according to Insurance Journal. The net figure represented about 3% of Binance's total assets under management, a spokesperson said Monday. The spokesperson also said withdrawals remained within expectations and deposits had been steadily increasing. Insurance Journal reported that the figures had shifted since withdrawals resumed.The $4.7 billion figure counts withdrawals after deposits are subtracted. Binance restored customers' access ahead of schedule on Sunday, the report said.

Also reported by Crypto News Australia.

Source: BlockTelegraph