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AI summary of a third-party reportBearishNewsDesk

OKX leads exchange inflows with $445m as Binance sees $7bn outflows

DefiLlama data shows OKX drew about $445m in 24-hour net inflows while Binance, resuming withdrawals after a $6.3bn hack, recorded more than $7bn in net outflows.

Why it matters: The figures show where traders moved funds after the $6.3bn Binance hack, with OKX gaining deposits while Binance's tracked outflows climbed past $7bn.

InvestIn.News NewsDesk · 1 min read
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Picture from Cointelegraph for: OKX leads exchange inflows with $445m as Binance sees $7bn outflows
Image: Cointelegraph
Original reporting: Zoltan Vardai, Cointelegraph

Key points

  • OKX recorded about $445m in 24-hour net inflows, the most among tracked exchanges, according to DefiLlama.
  • Binance's net outflows exceeded $7bn, up from $5.8bn earlier on 2 November.
  • Binance said it had replenished about 95% of affected assets by Sunday, up from 90% on Saturday.

OKX led tracked crypto exchanges with about $445m in 24-hour net inflows, while Binance recorded more than $7bn in net outflows, according to DefiLlama data reported by Cointelegraph. UTC on Sunday.

Bybit ranked second with $112m in net inflows, followed by Gate with $91m and Bitget with $54m. Binance still held about $128bn in wallets tracked by DefiLlama, more than four times OKX's $29bn.

Binance suspended withdrawals on 30 October, soon after a $6.3bn hack late on Thursday, which the article describes as the largest in cryptocurrency history.

What to watch: Binance said an updated proof-of-reserves report was expected on Monday.

Read the full story on Cointelegraph

Live updates on NewsFeeds:ETFsDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of Cointelegraph’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

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