Binance net outflow hits 2.1% of $171 billion assets as withdrawals restart
AI summary
Binance reported a net outflow equal to 2.1% of its $171 billion in assets after withdrawals resumed following a hack. Deposits returned roughly 22 cents for every dollar withdrawn, and the exchange says it has recovered about 95% of the hack losses. Traders will watch whether the deposit recovery holds and whether BNB and exchange confidence stay stable after the incident.
Narrative history
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42M AGOCoinDesk · Score 82 · via $3.6B, Binance $3.6B
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1H AGOYou’re reading thisBinance net outflow hits 2.1% of $171 billion assets as withdrawals restartUnchained · Score 55
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19H AGOThe Block · Score 78 · via 2.1%, $171B
