Binance net outflows surge to $5.8B as withdrawals resume after record hack

The exchange says withdrawals surged after some services resumed but have since slowed, with the outflows representing a fraction of its roughly $171 billion in customer assets. Binance has recorded $5.8 billion in net outflows over the past 24 hours as customers withdraw funds following the exchange’s record $6.3 billion hack, according to data from DefiLlama. Binance said it began restoring withdrawals at 6:00 UTC on Sunday. By 3:30 UTC, it had processed $4.6 billion in withdrawals against $1 billion in deposits, resulting in net outflows of $3.6 billion.