Binance net outflows surge to $5.8B as withdrawals resume after record hack
The exchange says withdrawals surged after some services resumed but have since slowed, with the outflows representing a fraction of its roughly $171 billion in customer assets.
Binance's net outflows have surged to $5.8 billion following the resumption of withdrawals after a record $6.3 billion hack, according to data from DefiLlama. The exchange began restoring withdrawals at 6:00 UTC on Sunday, with withdrawals initially surging but later stabilizing, representing a small fraction of its approximately $171 billion in customer assets.
The outflows mainly consist of USDt (USDT), USDC (USDC), and Bitcoin (BTC), with Binance processing $4.6 billion in withdrawals against $1 billion in deposits within a 24-hour period.
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- Investors take out $3.6bn from Binance after record hack that stole billions theguardian.com
- Binance resumes customer withdrawals after record $6.3bn hack cityam.com
- Binance says has covered 90% of US$6.3 billion hack losses channelnewsasia.com
- FBI blames North Korea for stolen billions from Binance in biggest hack in history scmp.com
- Binance says resuming withdrawals after major hack bangkokpost.com
- Binance says resuming withdrawals after major hack nst.com.my
- The $6.3 billion Binance hack paradox: Centralization made the hack possible, but also saved $3 billion coindesk.com
- Binance sees $3.64 billion in net outflows as withdrawals resume after massive hack cnbc.com
