Binance Outflows Reached $6.1 Billion After Reopening Withdrawals

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Binance-linked wallets recorded approximately $6.1 billion in outflows within 24 hours of withdrawals resuming The Binance outflows represented around 3.6% of the exchange’s previously reported $171 billion in assets Binance says withdrawal demand is stabilising and claims to have replenished approximately 95% of the assets affected by the hack Binance Faces Withdrawal Pressure After Record-Breaking Hack Binance is seeing billions of dollars leave its wallets after reopening withdrawals following last week’s $6.3 billion security breach. While the outflows highlight lingering concerns about exchange security, the majority of the platform’s reported assets remain in its associated wallets. Data tracked by DeFiLlama showed approximately $6.1 billion in outflows over a 24-hour period following the resumption of withdrawals. That represents roughly 3.6% of the $171 billion in assets Binance reported holding before the attack. However, the figures require some context. Blockchain data captures movements between wallets and does not necessarily represent customer withdrawals alone. B...