After Binance officially reopened withdrawals following the historic $6.3 billion hack, it saw fairly large-scale net outflows!
In the 18 hours since withdrawals reopened, Binance recorded net outflows of up to -$4.5 billion.
Interestingly, the top 10 CEXs ranked below Binance received only a combined net inflow of around +$368 million.
👉 Nearly 9 out of every 10 dollars leaving Binance didn’t land on any competing exchange. Instead, they went to personal wallets.
In the 18 hours since withdrawals reopened, Binance recorded net outflows of up to -$4.5 billion.
Interestingly, the top 10 CEXs ranked below Binance received only a combined net inflow of around +$368 million.
👉 Nearly 9 out of every 10 dollars leaving Binance didn’t land on any competing exchange. Instead, they went to personal wallets.
