Binance resumes HYPE and APT withdrawals, stablecoin reserves drop by approximately $9 billion

Odaily reports: Binance resumed HYPE and APT withdrawals on November 8, ahead of its previously promised deadline. Binance had previously stated that it would restore withdrawals for HYPE, APT, and other assets before the end of the following week, while other withdrawal channels still require security assessment.

Cryptoquant data shows that around the hacking incident, Binance's BTC reserves fell from approximately 730,000 to 673,700, a decrease of about 56,000; ETH reserves fell from approximately 3.48 million to 3.08 million, a decrease of about 400,000. Ethereum-based stablecoin reserves fell from approximately $41 billion to approximately $32 billion, a decrease of about $9 billion, with the latest daily net inflow at approximately $27.9 million.

Arkham data shows that Binance's labeled holdings are approximately $162.65 billion, covering about 68.5 million addresses, including approximately 696,184 BTC and 3.454 million ETH. An Elliptic report states that the attackers converted approximately $174 million of stolen altcoins into another approximately 2,300 BTC. (Bitcoin.com News)