Binance net outflows surge to $5.8B as withdrawals resume after record hack
Summary
Binance recorded $5.8 billion in net outflows over 24 hours after reopening withdrawals following a record $6.3 billion hack. The exchange said it processed $4.6 billion in withdrawals and $1 billion in deposits by 3:30 UTC, while noting that withdrawals were slowing and the outflows were small relative to its $171 billion in assets. Binance restored withdrawals across 15 networks in phases, with USDT, USDC and Bitcoin among the most withdrawn assets. It said it had replaced 90% of the stolen assets using corporate treasury funds and internal protection funds.
