News of the cyberattack caused the prices of most major cryptocurrencies to fall sharply on Friday.
Binance Resumes Withdrawals Days After Hack That Wiped Out $6 Billion
In short
The cryptocurrency exchange restarted asset withdrawal services after being forced offline by a massive security breach. The exploit resulted in the sudden loss of $6 billion over the course of several days. News of the incident triggered a sharp decline in the prices of most major digital currencies on Friday.
Key points
- Normal withdrawal functionality has returned to the platform following the multi-day secu…: Normal withdrawal functionality has returned to the platform following the multi-day security disruption.
- Digital asset valuations across the broader market suffered significant drops following t…: Digital asset valuations across the broader market suffered significant drops following the breach report.
- The platform lost $6 billion in value as a direct consequence of the hack.: The platform lost $6 billion in value as a direct consequence of the hack.