Binance began re-allowing customers to withdraw money from the exchange on Sunday after the exchange stepped up efforts to make up for losses suffered during the largest cyber theft in history. Binance stated in a series of statements posted on X that it has reopened withdrawals of Bitcoin, Ether and some other digital currencies, and will continue to expand the scope of withdrawals in stages. Last week, the exchange suspended customer withdrawals during a security check by the team. Binance says it has now recovered around 95% of the stolen assets. According to the company, the 5% that has not been replenished “has low liquidity in the market and it will take longer to raise funds at the required scale.” Nine and a half hours after Binance began allowing withdrawals, the exchange said the net outflow of funds had reached $3.64 billion. According to Binance, about 4.65 billion US dollars were withdrawn during the period, and the deposit was 1.1 billion US dollars. The balance between the two formed the net outflow. According to the exchange, this net outflow is equivalent to 2.1% of its total assets under management.

Binance began re-allowing customers to withdraw money from the exchange on Sunday after the exchange stepped up efforts to make up for losses suffered during the largest cyber theft in history. Binance stated in a series of statements posted on X that it has reopened withdrawals of Bitcoin, Ether and some other digital currencies, and will continue to expand the scope of withdrawals in stages. Last week, the exchange suspended customer withdrawals during a security check by the team. Binance says it has now recovered around 95% of the stolen assets. According to the company, the 5% that has not been replenished “has low liquidity in the market and it will take longer to raise funds at the required scale.” Nine and a half hours after Binance began allowing withdrawals, the exchange said the net outflow of funds had reached $3.64 billion. According to Binance, about 4.65 billion US dollars were withdrawn during the period, and the deposit was 1.1 billion US dollars. The balance between the two formed the net outflow. According to the exchange, this net outflow is equivalent to 2.1% of its total assets under management.