Withdrawals
Binance Launches Second Phase of Withdrawals as Outflow Slows to $2.57 Billion
Binance will begin the second phase of cryptocurrency withdrawals on Tuesday at 04:00 UTC: additional assets will be gradually opened as security checks are completed. On Monday, the outflow slowed to $2.57 billion compared to $6.1 billion the day before.
Net Outflow from Binance Reached $5.8 Billion After Withdrawal Resumption
DefiLlama recorded a net outflow of $5.8 billion from Binance in 24 hours following a record hack of $6.3 billion. The exchange has processed $4.6 billion in withdrawals against $1 billion in deposits and states that the flows have slowed down. This is a small fraction of the $171 billion in client assets.