Binance withdrawals hit $4.7B after giant crypto hack - report

Users have withdrawn $4.7B from Binance, the world's largest crypto exchange, by Monday morning London time, according to a media report. That's up from the $3.6B of pulled funds reported as of Sunday.A Binance spokesperson told Bloomberg News that the outflows represent less than 3% of the $166BN in assets held by the crypto trading platform.Withdrawals on the platform were restarted early Sunday morning. Binance froze withdrawals on Thursday after the exchange detected an attack that resulted in the theft of $6.4B. The world's largest crypto heist was attributed to North Korean hackers.The spokesperson told Bloomberg that the amount of funds being pulled from the platform is within its expectations. Meanwhile, deposits have been "steadily increasing," the person said.Soon after the hack, Binance pledged to make whole users who were affected by the theft.Crypto prices have stabilized since a significant drop on Thursday and Friday. Bitcoin is trading at $77.8K, down 0.6% over the last 24 hours, ethereum is at ~$2.29K (+0.8%), and solana edged down 0.2% to $94.26.Content provided by Seeking Alpha is intended for information purposes only, and that Seeking Alpha does not offer any personalist investment advice and is not a licensed securities dealer, broker, US investment adviser or investment bank.