Binance Restores HYPE and APT Withdrawals as Reserves Decline
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Binance resumed HYPE and APT withdrawals while CryptoQuant data showed sizable declines in major crypto and stablecoin reserves.
Binance restored withdrawals for Hyperliquid (HYPE) and Aptos (APT) on Sunday, Nov. 8, as the exchange continued to recover from a reported $6.3 billion security breach in October.
The reopening marks another step in restoring normal withdrawal services following the incident, which prompted disruptions across parts of the platform.
Separate CryptoQuant exchange data showed significant declines in Binance's bitcoin, ether and stablecoin reserves, indicating that billions of dollars in assets have moved off the exchange.
At the same time, the latest metrics suggest the pace of daily withdrawals has moderated, even though overall reserves remain notably lower.
Source: Bitcoin.com News
