12 hours after withdrawals resumed, 98% of people stayed put.
Here’s the postmortem shared by Binance’s official account: in the first 12 hours after withdrawals resumed, net outflows were 2.1%, with most of them concentrated in the first two hours, when flows exceeded $1 billion. 98% of users stayed put and didn’t withdraw. When CZ reposted this, he added just one line: Trust is earned in difficult times.
The 2.1% and 98% don’t share a denominator. The former is the share of net outflows; the latter is the share of users who didn’t move their funds. The official account didn’t disclose either denominator. So these two figures only indicate direction, not scale. The $1 billion in flows is what gives us a sense of scale; that absolute amount is right there, giving the 2.1% some weight.
Withdrawals were reopened in batches, with 15 networks in the first batch. BTC, ETH, BSC, XRP, SOL, ZEC, and DOGE came first, followed by USDT and GRAM on TON, POL on Polygon, the AVAX C-Chain, Arbitrum, Base, OP, and SUI. The official account said the order was based on actual withdrawal demand over the past week: whichever networks were requested most would be reopened first, with market cap not factored into the order. This sequence shows that operations were focused on withdrawal pressure, not asset size.
Replenishment went from 90% to 95%. The remaining 5% is all outside the top ten coins. The reason given was that this portion is illiquid and has to be bought back gradually, both on the market and over the counter. The top ten coins—BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC—have already been fully replenished to 100%. Based on the stated loss figure of $6.34 billion, 5% works out to about $317 million, exactly half the $634 million stated in the previous announcement.
According to the announcement, you can check the snapshot yourself on the PoR page. The full zero-knowledge proof is scheduled for November 3 UTC; until then, only the snapshot can be verified. The announcement said a post-incident report would be released once the investigation is over, but gave no date.
Only when all three pieces are in place can this be considered settled: withdrawal records, the replenishment ratio, and proof of reserves. The first two are figures reported by the company itself; the third is something outsiders can verify.
#中本聪国际社区Baoluo币商资本 #币安推出BinanceIntelligence #Binance
Here’s the postmortem shared by Binance’s official account: in the first 12 hours after withdrawals resumed, net outflows were 2.1%, with most of them concentrated in the first two hours, when flows exceeded $1 billion. 98% of users stayed put and didn’t withdraw. When CZ reposted this, he added just one line: Trust is earned in difficult times.
The 2.1% and 98% don’t share a denominator. The former is the share of net outflows; the latter is the share of users who didn’t move their funds. The official account didn’t disclose either denominator. So these two figures only indicate direction, not scale. The $1 billion in flows is what gives us a sense of scale; that absolute amount is right there, giving the 2.1% some weight.
Withdrawals were reopened in batches, with 15 networks in the first batch. BTC, ETH, BSC, XRP, SOL, ZEC, and DOGE came first, followed by USDT and GRAM on TON, POL on Polygon, the AVAX C-Chain, Arbitrum, Base, OP, and SUI. The official account said the order was based on actual withdrawal demand over the past week: whichever networks were requested most would be reopened first, with market cap not factored into the order. This sequence shows that operations were focused on withdrawal pressure, not asset size.
Replenishment went from 90% to 95%. The remaining 5% is all outside the top ten coins. The reason given was that this portion is illiquid and has to be bought back gradually, both on the market and over the counter. The top ten coins—BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC—have already been fully replenished to 100%. Based on the stated loss figure of $6.34 billion, 5% works out to about $317 million, exactly half the $634 million stated in the previous announcement.
According to the announcement, you can check the snapshot yourself on the PoR page. The full zero-knowledge proof is scheduled for November 3 UTC; until then, only the snapshot can be verified. The announcement said a post-incident report would be released once the investigation is over, but gave no date.
Only when all three pieces are in place can this be considered settled: withdrawal records, the replenishment ratio, and proof of reserves. The first two are figures reported by the company itself; the third is something outsiders can verify.
#中本聪国际社区Baoluo币商资本 #币安推出BinanceIntelligence #Binance