TECH NEWS

Binance resumes withdrawals following $6.3 billion breach

Cryptocurrency exchange Binance announced early on Sunday that it would begin allowing withdrawals in a phased process.

The company froze all deposits and withdrawals after hackers stole $6.3 billion worth of crypto from Binance wallets. In its latest update, Binance said it has now covered 95% of the stolen assets, and it’s still working to buy the “remaining affected assets,” which are “less liquid in the market and take longer time to source at the required scale.”

“Our commitment remains unchanged: Binance will bear the financial impact of the stolen funds,” the company added. “These losses will not be passed on to users.”

As for the withdrawal freeze, Binance said it did not make the decision lightly, as it understands “how important reliable access to withdrawals is for our users.” Nonetheless, the company said this was a necessary “precaution while our teams worked to contain the incident loss, assess...

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Binance says net outflows were $3.64B, or 2.1% of assets, in the 9.5 hours after it began restoring withdrawals; DefiLlama puts 24-hour net outflows at $4.05B

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Binance says net outflows were $3.64B, or 2.1% of assets, in the 9.5 hours after it began restoring withdrawals; DefiLlama puts 24-hour net outflows at $4.05B

Meta Reportedly Built A Humanoid Robot Prototype That Can Do Household Chores

Apple’s HomeView could add security camera features

Scentronic tech lets you smell the internet