#BinanceProcesses$4.65BWithdrawals
Binance Processes $4.65B in Withdrawals After Phased Restart
Following the recent security incident, Binance restored withdrawals across 15 networks in phases starting early November 1. Between 06:00–15:30 UTC, the exchange processed $4.649 billion in withdrawals against $1.01 billion in deposits — a net outflow of approximately $3.64 billion (just 2.1% of its $171 billion AUM based on latest PoR).
Withdrawal volumes spiked initially then stabilized as expected, while deposits remained healthy. Major assets have been fully restored, with replenishment now at ~95%.
This orderly, transparent restart and limited 2.1% outflow demonstrate operational resilience and solid user confidence. Handling multi-billion flows smoothly after a major incident reinforces platform strength. Continued PoR updates and phased expansion will be key to fully restoring trust. Stay informed via official channels.
#Binance #Crypto #Withdrawals #BinanceRestores28FiatWithdrawals
Binance Processes $4.65B in Withdrawals After Phased Restart
Following the recent security incident, Binance restored withdrawals across 15 networks in phases starting early November 1. Between 06:00–15:30 UTC, the exchange processed $4.649 billion in withdrawals against $1.01 billion in deposits — a net outflow of approximately $3.64 billion (just 2.1% of its $171 billion AUM based on latest PoR).
Withdrawal volumes spiked initially then stabilized as expected, while deposits remained healthy. Major assets have been fully restored, with replenishment now at ~95%.
This orderly, transparent restart and limited 2.1% outflow demonstrate operational resilience and solid user confidence. Handling multi-billion flows smoothly after a major incident reinforces platform strength. Continued PoR updates and phased expansion will be key to fully restoring trust. Stay informed via official channels.
#Binance #Crypto #Withdrawals #BinanceRestores28FiatWithdrawals
