Read more of this story at Slashdot.
Backend
Binance Reopens to $3.64 in Net Outflows. '98% Choose to Stay', Says Its Founder
Slashdot0 views
Binance now says it's replenished 90% of assets stolen last week in a $6.3 billion security breach, its customers still "rushed to move funds off the platform" when it reopened Sunday, CNBC reports, and Binance "said it recorded $3.64 billion in net outflows after reopening withdrawals on Sunday." The exchange processed $4.65 billion in withdrawals and $1.01 billion in deposits between 6 a.m. and 3:30 p.m. UTC on Nov. 1, Binance said in a post on X. The resulting net outflows represented 2.1% of Binance's $171 billion in total assets, based on its latest available proof-of-reserves data as of Oct. 28. Binance said withdrawal volumes had declined and were stabilizing following an initial spike, while deposit volumes remained substantial. The exchange began restoring withdrawals in phases at 6 a.m. UTC on Sunday, with services resuming across all 15 networks and assets included in the initial phase by 12:36 p.m. UTC. It said testing was continuing for the remaining networks and assets. Binance founder and former CEO Changpeng Zhao sought to reassure users following the breach, writing on X that "98% choose to stay!" He said most of the net outflows occurred within the first couple of hours after withdrawals resumed.
Source:https://news.slashdot.org/story/26/11/02/0159222/binance-reopens-to-364-in-net-outflows-98-choose-to-stay-says-its-founder?utm_source=rss1.0mainlinkanon&utm_medium=feedPreviousAI Can Write More of the Code. We Still Have to Engineer the SystemNextStack Overflow: 'Reports of Our Death are Greatly Exaggerated'
Related posts
Recognize an agent in your API
0dev.to
I cut my CI wait from 25 minutes to about 12 and checked that no test was dropped
0dev.to
Sell one API call to an agent
0dev.to
Reserving a length prefix and its body in one bounds check
0dev.to
Paquetes maliciosos MCP en npm y PyPI: siete en 4 días
0dev.to
Windsurf Review 2026: Worth Switching From Cursor?
0dev.to