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Binance BTC Outflows Exceed Reported Hack Losses as Reserves Fall

itcoin coins flowing out of Binance vault into a cold storage wallet

The post Binance BTC Outflows Exceed Reported Hack Losses as Reserves Fall appeared first on Coinpedia Fintech News

Binance BTC outflows exceeded the reported amount stolen during the exchange’s recent security incident. Between November 1 and 2, users withdrew 25,793 BTC, compared with 18,270 BTC stolen. The withdrawals marked the year’s biggest single-day outflows across BTC, ETH, USDT and USDC, according to the data figures. Binance users pulled more BTC out than the …

Source: Source: Coinpedia