Binance absorbed $4.7 billion in withdrawals after record North Korea hack

What happened: Binance absorbed $4.7 billion in withdrawals following a record hack linked to North Korea, according to qz. Key numbers: $4.7 billion in withdrawals. Net outflows under 3% of the $166 billion in assets Binance holds. Deposits are rising, a spokesperson said. Why it matters: The outflows stayed small relative to Binance's total assets, and the spokesperson said deposits are rising, indicating the withdrawals did not drain the exchange's holdings. Coverage: 15+ outlets in 24h

Binance absorbed $4.7 billion in withdrawals following a record hack linked to North Korea, according to qz.

The outflows stayed small relative to Binance's total assets, and the spokesperson said deposits are rising, indicating the withdrawals did not drain the exchange's holdings.