Binance net inflows hit $2.3bn as withdrawals widen after $6.3bn hack

Key points

• Binance saw $2.3bn in 24-hour net inflows, leading exchanges tracked by DefiLlama, ahead of Bitfinex at about $280m and Bitget at about $127m.
• On Monday the exchange had recorded more than $7bn in 24-hour net outflows, when OKX led with about $445m in net inflows.
• Binance said it had replaced about 95% of affected assets and pledged to cover losses from company resources and protection funds.

Binance recorded $2.3bn in net inflows over 24 hours as it widened withdrawals after the previous week's $6.3bn hack, Cointelegraph reports.

Binance said on X on 3 November that by 03:00 UTC hourly deposits were exceeding withdrawals, which it described as improving user activity and stabilising flows.

Binance suspended withdrawals on 30 October after Thursday's hack while it investigated and ran security checks. In a Sunday update it said it had replaced about 95% of affected assets, with the rest less liquid tokens bought through market and over-the-counter purchases.

The exchange has said it will cover the losses from company resources and protection funds rather than pass them to customers.

What to watch: North Korea has denied the FBI's attribution of the hack, with no further step reported.

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