[Crypto Billions Stolen In Binance Hack] Dan Kitwood/Getty Images News Binance, the largest cryptocurrency exchange by trading volume, said it recorded about $3.64B in net outflows early on Sunday as it resumed withdrawals following last week's massive $6.3B hack. The exchange began restoring withdrawals in phases on Sunday. Between 1 am EST and 10.30 am EST, Binance processed ~$4.65B in withdrawals and $1.01B in deposits. That resulted in $3.64B in net outflows, representing 2.1% of Binance's $171B in total assets under management based on its Proof of Reserves data as of Oct. 28. "After an initial spike, withdrawal volumes have declined and are stabilizing as expected, while deposit volumes have remained substantial," the exchange posted on X.
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