Binance sees $5.8B net outflows in 24 hours as withdrawals resume after record $6.3B hack: DefiLlama
AI Market Summary
A record $6.3B exploit at Binance, followed by $5.8B in 24-hour net outflows, marks one of the largest exchange shocks on record. Withdrawals resuming signals operational continuity, but reserve depletion and counterparty-risk repricing will likely pressure BTC and drive liquidity toward self-custody and deeper venues. Expect elevated volatility, wider spreads, and scrutiny of exchange solvency and proof-of-reserves disclosure.
Impact level
● High
Affected assets
BTC/USDT-0.06%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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Binance recorded $5.8 billion in net outflows over 24 hours as withdrawals resumed following a record $6.3 billion hack, according to DefiLlama.
