Binance net outflows hit $5.3 billion after record hack as CEO cites recovery
AI summary
Binance saw net outflows of $5.3 billion after a record hack, with nearly $11 billion leaving the exchange over 46 hours. CEO Richard Teng said hourly deposits were beginning to exceed withdrawals, signaling a recovery. Traders will watch whether the outflow stabilizes, since a sustained drain from the largest exchange can pressure liquidity and confidence across crypto markets.
Narrative history
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1H AGOYou’re reading thisBinance net outflows hit $5.3 billion after record hack as CEO cites recoveryCoinDesk · Score 85
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4H AGOThe Defiant · Score 65 · via Withdrawal Restart, Restart
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23H AGOThe Defiant · Score 85 · via Withdrawal Restart, Net Outflows
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2 NOV · 11:30CoinDesk · Score 82 · via $3.6B, Binance $3.6B
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2 NOV · 11:00Unchained · Score 55 · via Binance net, outflow hits
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1 NOV · 23:09Cointelegraph · Score 85 · via $3.6B, record hack
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1 NOV · 16:32The Block · Score 78 · via 2.1%, $171B
