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Binance withdrawals slow but security risks likely to weigh on large crypto investors

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Binance withdrawals slow but security risks likely to weigh on large crypto investors
Photo / Coverage: The Globe and Mail - BusinessCredit: Rae Wee
EXECUTIVE SUMMARY

Binance customers pulled $3.64-billion from the exchange in the hours after a multibillion-dollar heist

Key Takeaways

  • Binance withdrawals slow but security risks likely to weigh on large crypto investors.

Binance’s customers have withdrawn almost US$5-billion from the world’s biggest cryptocurrency exchange since it reopened after a hack that saw US$6.3-billion of crypto stolen from the platform in what could be the largest financial heist in history.

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Published originally on The Globe and Mail - Business

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