eBay Deals


3 hours ago 17

By Jack Kim, Kyu-seok Shim and Rae Wee

SEOUL/SINGAPORE, Nov 3 (Reuters) - Asset outflows from Binance have normalised and the company was in "very strong financial health", its co-CEO said, as North Korea dismissed as "absurd rhetoric" US allegations that it was behind a $6.3 billion cryptocurrency heist on its platform.

The world's biggest cryptocurrency exchange, whose customers had withdrawn a net $4.72 billion as of Monday after it was hit ‌with what could be the largest-ever financial heist last week, has also launched a campaign to stem outflows and woo new users.

"In the first 24 hours, there was a spike in terms of withdrawals, ‌as can be expected. But after that ... it's pretty much normalised," Richard Teng told a Hong Kong Fintech Week event on Tuesday.

"The company is in very strong financial health," he said, adding 95% of the affected tokens had been replenished. "This is someth...

Read Entire Article