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✉news BusinessCrypto first seen 10 h ago, last 53 min ago, peak #3

Binance sees withdrawal spike after $6.3 billion heist

Original: Binance sees spike in withdrawals as exchange returns online after $6.3 billion heist

Binance is back online after reporting a $6.3 billion heist, and users rushed to pull their funds once the exchange reopened. Reuters reports a spike in withdrawals as customers react to the security breach, raising fresh questions about trust in the world's largest crypto exchange and how it plans to cover the stolen assets.

Why now: The scale of the theft and the rush of withdrawals immediately after the exchange resumed service have put Binance at the centre of crypto security concerns.

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