Binance just flipped the script.
As of 3am UTC, hourly deposits are now beating withdrawals for the first time since the $6.3B hack on the 29th. That's the biggest crypto hack on record, gone in 20 minutes, FBI pointing at the same North Korean crew behind Bybit.
Binance froze withdrawals immediately, promised full user coverage, and started plugging the hole with their insurance fund and treasury. They've already replaced ~95% of what was taken. $BTC $ETH $USDT $BNB $SOL all fully backed again. New proof of reserves is live.
Withdrawals reopened Nov 1. First 9.5 hours were brutal: $4.65B out vs $1B in. Net outflow $3.64B. Classic panic spike.
Now the hourly flow has reversed. Fresh money is coming in faster than it's leaving. Overall numbers are still net negative, but the rate change is what matters. The frantic exit is over.
Could be noise, could be market makers rebalancing. But after days of bleeding, this is the first real sign the acute fear has broken. The worst of the withdrawal pressure looks done.
More networks and assets coming back online as checks finish. Watch the next 24-48 hours.
As of 3am UTC, hourly deposits are now beating withdrawals for the first time since the $6.3B hack on the 29th. That's the biggest crypto hack on record, gone in 20 minutes, FBI pointing at the same North Korean crew behind Bybit.
Binance froze withdrawals immediately, promised full user coverage, and started plugging the hole with their insurance fund and treasury. They've already replaced ~95% of what was taken. $BTC $ETH $USDT $BNB $SOL all fully backed again. New proof of reserves is live.
Withdrawals reopened Nov 1. First 9.5 hours were brutal: $4.65B out vs $1B in. Net outflow $3.64B. Classic panic spike.
Now the hourly flow has reversed. Fresh money is coming in faster than it's leaving. Overall numbers are still net negative, but the rate change is what matters. The frantic exit is over.
Could be noise, could be market makers rebalancing. But after days of bleeding, this is the first real sign the acute fear has broken. The worst of the withdrawal pressure looks done.
More networks and assets coming back online as checks finish. Watch the next 24-48 hours.
