Binance sees $3.64 billion net outflows after reopening withdrawals post-record hack
AI summary
Binance recorded $3.64 billion in net outflows after it reopened withdrawals following a record hack, according to the exchange. Binance said the outflows equal 2.1% of its $171 billion in assets and that withdrawal volumes have declined after an initial spike. Traders will watch whether the drain signals lasting damage to confidence in the largest exchange and its BNB token, or a contained reaction now fading.
