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Users withdrew over $3 billion from Binance

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Users withdrew about $3.64 billion from the world’s largest cryptocurrency trading platform Binance on Sunday after business operations resumed.

According to the report, Binance had temporarily suspended all its business operations due to a cyber attack. The attack affected more than $6 billion worth of digital assets.

After the restoration of operations, a large number of users began transferring their funds from the platform, resulting in $3.4 billion in withdrawals in just one day.

According to the BBC, Binance said in a statement on the social media platform X (formerly Twitter) that on November 1, from 6 am to 3:30 pm GMT, users withdrew $4.649 billion, while deposits of $1.1 billion were made during the same period, resulting in a net transfer of about $3.64 billion in funds from the platform.

According to Binance, withdrawals initially saw an unusual spike. Later, they slowed down and are now stabilizing as expected.

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Users withdrew over $3 billion from Binance

Link copied!

Users withdrew about $3.64 billion from the world’s largest cryptocurrency trading platform Binance on Sunday after business operations resumed.

According to the report, Binance had temporarily suspended all its business operations due to a cyber attack. The attack affected more than $6 billion worth of digital assets.

After the restoration of operations, a large number of users began transferring their funds from the platform, resulting in $3.4 billion in withdrawals in just one day.

According to the BBC, Binance said in a statement on the social media platform X (formerly Twitter) that on November 1, from 6 am to 3:30 pm GMT, users withdrew $4.649 billion, while deposits of $1.1 billion were made during the same period, resulting in a net transfer of about $3.64 billion in funds from the platform.

According to Binance, withdrawals initially saw an unusual spike. Later, they slowed down and are now stabilizing as expected.

Leave a Reply

Your email address will not be published. Required fields are marked *