Binance Users Withdraw $3.4 Billion After Record Crypto Heist

France24 World · world

Binance users withdrew approximately $3.4 billion in funds on Sunday after the cryptocurrency trading platform resumed operations. The platform had previously suspended all trading activities following a significant cyberattack. This attack resulted in the compromise of over $6 billion in digital assets. The incident highlights the ongoing security challenges and risks associated with large-scale cryptocurrency exchanges and the potential for substantial financial losses.