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Binance Says Withdrawal Levels Have Stabilized at Normal Levels

A Binance spokesperson described withdrawals as a very small share of assets under management.

An unmarked smartphone rests beside a closed steel security case / TokenPost.ai
An unmarked smartphone rests beside a closed steel security case / TokenPost.ai

A Binance spokesperson said Sunday that withdrawal activity had stabilized at levels the exchange considers normal and consistent with expected on-chain activity, in an update following the Oct. 29 compromise of its hot wallets.

The spokesperson also described withdrawals as a very small share of assets under management.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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