The situation at Binance has stabilized after a record-breaking Cyberattack on the world’s largest cryptocurrency exchange, according to the company. Users had withdrawn a net $4.7 billion by Monday morning, an amount Binance said was within expectations. The company also said deposits had recently begun rising steadily again.
The hack’s wider consequences are still being debated. Crypto firms around the world are working to strengthen their security measures and rebuild confidence in an industry that has faced increasingly high-profile thefts for years.
One key question remains: who will compensate the customers affected by the attack? The available information does not yet provide an answer.
Sources: Handelsblatt.