Binance deposits and withdrawals surpass again... possibility raised that hacking situation may be cal
Original headline바이낸스 입금, 출금 다시 웃돌아…해킹 사태 진정 가능성 제기
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Binance has returned to net inflows after a period of heavy withdrawals following a major hack, with deposits exceeding withdrawals over a 46-hour window, according to exchange data cited by crypto commentator Scott Melker on Yahoo Finance. The data showed $10.97 billion in withdrawals against $5.7 billion in deposits, for cumulative net outflows of about $5.28 billion, though Melker said the renewed deposit flow suggests the worst may be over. The development matters as a signal that the exchange crisis could be stabilizing after the hack drained funds from the platform. Questions remain, however, over crypto security and decentralization as exchange hacks continue and more stolen funds are frozen. What to watch next is whether Binance sustains net inflows and whether further exchange breaches test confidence in centralized platforms.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Binance, Scott Melker, Yahoo Finance