Binance’s net inflows turn positive at $2.3B as withdrawals expand
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OKX led cryptocurrency exchanges with $445 million in daily inflows, while Binance processed about $7 billion in net outflows.
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Binance saw $3.64 billion in net outflows in the first nine and a half hours after reopening withdrawals, or 2.1% of its assets, it said.
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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.
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The crypto exchange said it has begun phased withdrawals after the record hack the FBI has blamed on North Korea.
Binance says 90% of stolen assets replenished, targets Sunday withdrawals
Less-liquid tokens make up the remaining shortfall as Binance continues buying replacement assets through market and over-the-counter trades.