$3.64B flees Binance on reopen, THORChain co-founder opposes coin freeze: Hodler’s Digest

Binance has resumed withdrawals following a major hack, resulting in a significant outflow of funds. The exchange has seen $3.64B in withdrawals, which is a fraction of its total customer assets. THORChain's co-founder has argued against halting the protocol to comply with FBI demands, citing the importance of maintaining the integrity of the blockchain. This decision has sparked debate within the crypto community, with some arguing that it is essential to cooperate with law enforcement. The hack has highlighted the vulnerabilities of crypto exchanges and the need for robust security measures. The outflow of funds from Binance may have a short-term impact on the crypto market, but it is unlikely to have a lasting effect on the overall market trends.