Kairos Reports
Menu
Breaking News United States Technology 2 publications 1 min read

Binance Details $3.6 Billion in Net Outflows

Bloomberg Markets's headline. Reported by Bloomberg Markets, CNBC World.

File picture: Tim Reckmann from Hamm, Deutschland via Wikimedia Commons, CC BY 2.0

What the sources say, in brief

According to CNBC World, Binance recorded $3.64 billion in net outflows after resuming withdrawals following a $6.3 billion hack, representing 2.1% of its total assets. Bloomberg Markets reported a net outflow of $3.6 billion in cryptoassets after customer withdrawals were restored on Sunday, following what it described as the largest cyber theft in history, attributed to North Korean hackers. The two outlets differ on the outflow figure, with CNBC giving $3.64 billion and Bloomberg rounding to $3.6 billion. The sources do not give a date for the hack or the withdrawal restoration beyond Sunday.

Key points

  • CNBC World reported Binance recorded $3.64 billion in net outflows after resuming withdrawals.
  • CNBC World said the outflows followed a $6.3 billion hack and represent 2.1% of total assets.
  • Bloomberg Markets reported a net outflow of $3.6 billion in cryptoassets.
  • Bloomberg Markets said customer withdrawals were restored on Sunday.
  • Bloomberg Markets attributed the largest cyber theft in history to North Korean hackers.

Sources differ: CNBC World gives the net outflow as $3.64 billion, while Bloomberg Markets gives $3.6 billion.

Generated from the headlines and excerpts below and checked automatically: any number or name not present in the sources rejects the summary, and each bullet is checked the same way. Version 1.

Who is covering it

  1. Bloomberg Markets United States Binance Details $3.6 Billion in Net Outflows Binance posted a net outflow of $3.6 billion in cryptoassets after restoring customer withdrawals on Sunday, following the largest cyber theft in history attributed to North Korean hackers. Bloomberg's Suvashree Ghosh breaks down the latest developments. (Source: Bloomberg) 2 h ago · Tier 1
  2. CNBC World United States Binance sees $3.64 billion in net outflows as withdrawals resume after massive hack Binance recorded $3.64 billion in net outflows after resuming withdrawals following a $6.3 billion hack, representing 2.1% of its total assets. 6 h ago · Tier 3

Headlines and excerpts are the publishers' own, shown under quotation for review and linked to the originals.

More from Business

File picture: Nminow via Wikimedia Commons, CC BY-SA 3.0
Breaking Business · Crypto 3 publications

Binance says 90% of losses from $6.3bn hack covered as FBI says North Korea behind attack

According to The Guardian, cryptocurrency exchange Binance says it has replaced 90% of the amount stolen in a record $6.3bn hack of its platform. The Guardian reported that Binance expects withdrawals to resume on Sunday. The FBI has identified the group behind the hack as North Korean state-sponsored group TraderTraitor, according to the same reporting. The three Guardian editions surveyed (UK, World and Business) carry the same core account, with the Business edition describing withdrawals as starting to resume. The sources supplied do not include further detail on the hack's mechanics or the wider impact. Summary from 3 sources

Sources differ: The Guardian Business edition says withdrawals are starting to resume on Sunday, while the UK and World editions say they are expected to resume.

Summary from 3 sources The Guardian Business first