Binance Sees $4.65B in Withdrawals After Hack

Withdrawal Volumes Stabilize After Initial Spike

Binance reported that withdrawal volumes have begun to stabilize following an initial surge after the cryptocurrency exchange resumed operations post-hack. The company processed $4.649 billion in withdrawals and $1.01 billion in deposits between 06:00 and 15:30 UTC.

While deposits helped offset a portion of the outflows, the exchange experienced net withdrawals of approximately $3.64 billion as it continued to restore full access for its users.