Bitcoin Steadies Near $78,000 as Binance Withdrawals Resume
By Unchained
AI summary of the source article
Bitcoin traded near $78,000 as Binance began reopening withdrawals following a hack estimated by analytics firms to exceed $6.3 billion. Binance experienced net outflows of approximately $3.64 billion after resuming withdrawals and pledged to cover losses.
Key facts
- Binance saw net outflows of about $3.64 billion after reopening withdrawals in stages on Sunday.
- TRM Labs and Chainalysis estimated losses in the Binance hack at over $6.3 billion, attributing the attack to North Korea-linked TraderTraitor.
- U.S. spot bitcoin ETFs registered net outflows of $643.3 million on Friday, led by BlackRock's IBIT and Fidelity's FBTC.
Source excerpt · Unchained
Bitcoin sits about 2% above its post-Binance hack low despite Friday's $643 million ETF exit, and Binance says withdrawals have slowed since it reopened them Sunday. The post Bitcoin Steadies Near $78,000 as Binance Withdrawals Resume appeared first on Unchained .