Key Highlights Binance is replenishing its emergency reserve, SAFU, to approximately $1 billion. The exchange says it has covered approximately 98% of the assets affected by the attack. A new zero-knowledge Proof of Reserves record is being prepared, while withdrawals will reopen in stages. Binance Replenishes SAFU Reserve After Attack Binance has committed to replenishing ...
Key Highlights Binance has issued an urgent warning against impersonation scams and paid withdrawal acceleration schemes following massive platform activity. The exchange processed $4.649 billion in withdrawals against $1.01 billion in deposits on Nov. 1, resulting in approximately $3.64 billion in net outflows across 15 reopened networks. A newly released proof-of-reserves snapshot from Oct. 31 ...
Key Highlights: Binance experienced billions in net customer outflows following the reopening of withdrawals, with a company spokesperson confirming $4.72 billion in net redemptions. U.S. spot Bitcoin exchange-traded funds (ETFs) logged $643.33 million in net outflows on October 30, led by BlackRock’s IBIT and Fidelity’s FBTC. Bitcoin rebounded slightly from recent lows near $76,500 to ...
Key Highlights Binance has expanded its off-ramp infrastructure by enabling fiat withdrawal options across 28 global currencies. The exchange announced plans to utilize OTC channels and direct market purchases to replace missing crypto assets, representing roughly 2.1% of its $171 billion reserves as of October 28. Exchange activity has normalized following initial spikes, with management ...
Key Highlights: Binance estimated its recent net outflow at 2.1% against $171 billion in assets under management from its October 28 reserve snapshot, while third-party trackers like DefiLlama and CryptoQuant reported conflicting figures due to different tracking windows and address labeling gaps. Internal transfers to Binance’s newly generated hot wallets appeared as external outflows on ...
Key Highlights Reports from media outlet Protos indicate a potential withdrawal freeze at cryptocurrency exchange Binance following suspected unauthorized activity. Binance has not yet issued an official statement either verifying or refuting the reported suspension of fund withdrawals. Industry protocol often involves freezing outgoing transactions as a protective buffer, meaning an operational pause does not ...