OKX draws $445M in net inflows as Binance outflows exceed $7B

OKX recorded about $445 million in 24-hour net inflows, the largest among tracked crypto exchanges, while Binance continued to register outflows after reopening withdrawals following its $6.3 billion hack.Crypto exchange Bybit was in second place with $112 million in net inflows, followed by Gate with $91 million and Bitget with $54 million in 24-hour net inflows, according to DefiLlama.Binance recorded the biggest net outflows among tracked exchanges, with more than $7 billion, up from $5.8 billion earlier Monday. Binance said it began restoring withdrawals in phases at 6:00 a.m. UTC on Sunday.At the time of writing, Binance held about $127.9 billion in wallets tracked by DefiLlama, more than four times the $29 billion at OKX, the second-largest exchange by that measure.Binance suspended withdrawals Friday, soon after late Thursday’s $6.3 billion hack, the largest in cryptocurrency history.By Sunday, Binance said it had replenished approximately 95% of the affected assets, up from 90% on Saturday. The remaining 5% consisted of less liquid tokens that it continued to buy through market and over-the-counter transactions.The exchange is using its corporate treasury, a partial deploym...