GoKawiilBinance sees $3.64B net outflows after reopening withdrawals post-hack
Binance reopened withdrawals in phases starting Sunday after a $6.3 billion security breach, and reported $4.65 billion in withdrawals against $1.01 billion in deposits, resulting in $3.64 billion in net outflows. The exchange said this represented about 2.1% of its roughly $171 billion in total assets and that withdrawal volumes were stabilizing after an initial spike. Founder Changpeng Zhao said '98% choose to stay,' noting most outflows occurred within the first couple hours of withdrawals resuming.