CNA938 Rewind - The Ask: Binance withdrawals; temporary reactive jerk or long-term erosion of confidence? #SGToday
On The Ask on Singapore Today, Binance customers have withdrawn around US$3.6 billion following a reported security breach linked to North Korea. Daniel Martin spoke to Irene Foo, Head of Investment Strategy and Research at Maybank Group Wealth Management, about whether the withdrawals signal a temporary reaction or a longer-term loss of confidence, and what it would take for the cryptocurrency exchange to rebuild trust.