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Binance users withdraw over $3 bln following hacker attack on crypto exchange

The exchange noted that after an initial surge, withdrawal volumes decreased and expectedly stabilized

NEW YORK, November 2. /TASS/. Users of the cryptocurrency exchange Binance have withdrawn approximately $3.64 billion following the unfreezing of the fund withdrawal function, which had been temporarily disabled due to a hacker attack.

"We processed $4.649 billion in withdrawals and $1.01 billion in deposits, resulting in a net outflow of approximately $3.64 billion," Binance said in a post on the social media platform X.

The exchange noted that after an initial surge, withdrawal volumes decreased and expectedly stabilized.

On October 29, the crypto exchange reported that it had been subjected to a hacker attack. Potential losses could have reached $6.3 billion.