Binance Customers Withdrew Nearly $11 Billion in 46 Hours After the Hack
Deposits offset about half the withdrawals. Binance’s figures show how quickly customers moved funds when withdrawals reopened, and when that rush began to ease.
Where digital assets trade: the exchanges and the companies running them.
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Deposits offset about half the withdrawals. Binance’s figures show how quickly customers moved funds when withdrawals reopened, and when that rush began to ease.
Binance says it has reserved $6.34 billion to cover the loss, but withdrawals remain paused. As Elon Musk mocks the breach, industry leaders are asking harder questions about custody, withdrawal controls and AI-driven threats.
The exchange says the change takes effect immediately across all products and services. Affected customers will receive individual instructions for closing positions and withdrawing assets.
The industry is funding congressional allies as it pushes for clearer rules. Turning election spending into lasting policy is a harder task.
Visa and Mesh target everyday crypto spending, Mastercard adds stablecoin risk checks, and Evervault tackles the security challenge of letting AI agents pay.
KuCoin Nigeria details its conditional SEC approval, the requirements before launch and its plans in one of the world’s leading crypto markets.
Binance will close its mining pool on November 10 as it expands AI tools for market research, portfolio tracking and automated trading.
The exchange is expanding into borrowing with USDC loans backed by Bitcoin, Ether and other assets—another step toward handling more of its customers’ financial lives.
Securitize's share-backed tokens preserve applicable shareholder rights. The details of custody, trading hours and conversion matter as much as the blockchain.
Samsung Wallet will add USDC transfers in late October. The bigger test is whether familiar software, managed custody and local bank payouts can turn access into everyday use.
KuCoin is bringing security, compliance, intelligent tools and wealth management into its 5.0 upgrade, alongside a new brand film featuring golfer Adam Scott.
Learn where stablecoin yield comes from, how USDC rewards differ from lending, and how fees, APY, withdrawals and platform risks affect your return.