Live updates: Binance records $6 billion outflows after starting withdrawals, less then 4% of total holdings
Source: CoinDesk ·
From the source
Binance sees $6.1 billion leave after hack, but most of its crypto remains on the exchange More than $6 billion worth of various tokens flowed out of wallets associated with Binance over 24 hours after the exchange reopened withdrawals following last week's record hack, offering a measure of how customers and large holders reacted when they could finally move their money. That represents roughly 3.6% of the $171 billion in assets Binance reported holding before the attack. The figure is based on publicly visible wallet movements tracked by DefiLlama, which can include transfers between wallets controlled by an exchange, rather than exclusively customer withdrawals. Even after the outflows, DefiLlama tracked approximately $129 billion in Binance-linked cryptocurrency wallets held in total, although its coverage and asset calculations differ from Binance's own reserves figures. The withdrawals followed a roughly 45-hour suspension prompted by an October 29 attack in which hackers stole…