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Crypto & Bitcoin

Crypto: After withdrawal reopening, +4 billion dollars leave Binance ! A crisis of confidence?

Reported by Eddy S., Cointribune

Image: Cointribune

A few hours after the reopening of withdrawals on Binance following the recent massive hacking, crypto users rushed to move their holdings… over 4 billion dollars have deserted the platform. A wave of panic that coincides with an explosive announcement from the FBI: the heist would be the work of a North Korean commando targeted by an international wanted notice. According to on-chain data shared by CryptoQuant, lifting the shield on withdrawal restrictions not only relieved users, it triggered a real rush to the exit. As soon as the Binance teams restored access to crypto wallets, capital flows went wild.

This is an excerpt. The reporting belongs to Cointribune.

Read the full report on cointribune.com
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