bitFlyer restricts transfers to Binance after $6.3B hack
- —bitFlyer blocked outbound crypto transfers to Binance starting Oct. 30
- —Binance estimated losses from the breach at about $6.3 billion
- —CEO Kano said Japanese law requires 95%+ of client assets in cold wallets
- —bitFlyer said its systems and customer assets were not affected
Why it matters: Major exchanges restricting flows to a counterparty adds pressure on Binance liquidity and trust in centralized venues.
Source: CoinDesk Japan