Binance Users Pull 4.7 Billion After Hack

Binance clients withdrew a net 4.7 billion dollars after hackers stole 6.3 billion from the platform. The exchange resumed withdrawals while pledging to absorb the full financial impact of the losses.

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FILE PHOTO: Representations of cryptocurrencies are seen in front of displayed Binance logo in this illustration taken November 10, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Binance customers withdrew a net $4.72 billion after hackers stole $6.3 billion in the largest financial heist in history. The exchange froze withdrawals for 48 hours before reopening services on Sunday morning. The attack highlights ongoing digital asset vulnerabilities and raised questions over the platform's financial resilience.