Crypto Exchange: Customers Withdraw Billions from Binance After Hacking Attack
Customers appear to be losing trust after the attack. The company wants to compensate those affected, and investigators are searching for the stolen billions.
Binance customers have withdrawn $3.64 billion, or 2.1% of assets under management, since resuming withdrawals following a massive cyberattack. The hack, attributed to North Korean hackers, resulted in $6.3 billion in cryptocurrency being transferred. Binance plans to compensate affected customers, having set aside $6 billion from its corporate treasury, insurance fund, and hack fund. The incident has raised concerns about investor confidence and the security of cryptocurrency exchanges.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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