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Binance USDT Balances Drop 7.95% Following $6.3B Hack

Binance USDT Balances Drop 7.95% Following $6.3B Hack

Photo: TronWeekly

Binance’s October 31 proof-of-reserves snapshot showed a $2.54 billion decline in user USDT balances, alongside lower Ethereum and BNB holdings. Bitcoin balances increased during the month. The report preceded $3.64 billion in net withdrawals after the exchange resumed services on November 1 following a major security breach.

Source: TronWeekly

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