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Binance Suffers Record $4.7B Cyber Theft
2 Nov
Summary
- Binance experienced the largest cyber theft in history.
- Net withdrawals reached $4.7 billion by Monday morning.
- Traders withdrew billions since late last week.
Binance has experienced the largest cyber theft in history, prompting significant financial repercussions.
Since late last week, traders have withdrawn billions of dollars from the platform. This exodus of funds culminated in net withdrawals reaching $4.7 billion by Monday morning, London time.
The scale of these outflows underscores the severe impact of the security incident on market confidence and the exchange's operational stability.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
