Binance CEO: Fund inflows and outflows have basically returned to normal, and the subsequent investigation will be announced in due course

Abstract:

On November 3, according to Reuters, Binance co-CEO Richard Teng said on Tuesday that the company’s current financial situation is very stable and that the “post-facto investigation” on the $6.3 billion cyber theft will be announced in due course.

Deng Weizheng

Deng Weizheng said at an event at Hong Kong Fintech Week that Binance's hourly capital inflows and outflows have "basically returned to normal" and 95% of the affected tokens have been replenished.

Binance said earlier that as of Monday, net customer withdrawals had reached $4.72 billion after the exchange suffered what may be the largest financial theft in history last week.

Last Sunday, Binance resumed its withdrawal service. It initially experienced a wave of withdrawal peaks, but then returned to stability. Deng Weizheng previously said that the intrusion was a "sophisticated attack" involving a compromised laptop and malware specifically designed to delete traces of its own activities, which increased the difficulty of tracing the source of the attack and conducting investigations.