Dubai: Binance customers have withdrawn a net $4.72 billion (Dh17.3 billion) from the cryptocurrency exchange following last week’s record $6.3 billion cyberattack , although the company says withdrawals are stabilising and customer activity is returning to normal.

Most of the money withdrawn was in Tether’s USDT stablecoin, Reuters reported.

Binance said it had also recorded $2.7 billion in customer inflows since Sunday, suggesting that some users continued depositing funds despite the breach.

Binance says withdrawals are returning to normal

Speaking at Hong Kong Fintech Week on Tuesday, Binance co-CEO Richard Teng said customer deposits and withdrawals had largely returned to normal.

He said the exchange remained in a strong financial position and could cover the losses from the attack.

Binance has replenished 95 per cent of the affected cryptocurrency using its emergency protection fund and other company reserves.

The remaining 5 per cent consists of less liquid tokens, which Binance is working to…