Binance says withdrawals spiked after $6.3 billion hack
In short
Binance said customers rushed to withdraw money after a reported $6.3 billion hack. It also said it had covered 95% of the stolen assets.
The company says withdrawals are now calming down. It is still not stated how many customers pulled funds or what is left to recover.
What the reporting says
Binance said customers pulled funds out after a reported $6.3 billion hack, then said withdrawals were stabilizing. The company also said it had covered 95% of the stolen assets, according to the publisher-supplied summary. The reporting does not say when the hack occurred, how many customers withdrew, or what remains unresolved beyond the remaining uncovered share.
Why it matters
Binance said a spike in customer withdrawals followed a reported $6.3 billion hack, and that withdrawals later stabilized. The company also said it had covered 95% of the stolen assets. That matters for Binance customers and for confidence in the exchange, but the reporting does not say when the hack happened, how the breach occurred, or how much remains unrecovered.