Finance1 min read

Binance says net outflows were $3.64B, or 2.1% of assets, in the 9.5 hours after it began restoring withdrawals; DefiLlama puts 24-hour net outflows at $4.05B (Zack Abrams/The Block)

By · Published by Everything Blog

In short

Binance recorded $3.64 billion in net outflows across the first 9.5 hours after enabling user withdrawals again. The cryptocurrency exchange stated that this volume represented roughly 2.1% of its overall assets. Independent metrics from DefiLlama showed an even larger movement, tracking 24-hour net outflows at $4.05 billion.

Key points

  • A significant wave of user withdrawals hit the exchange immediately after processing was…: A significant wave of user withdrawals hit the exchange immediately after processing was restored.
  • Binance indicated that its total asset base remained largely intact despite billions depa…: Binance indicated that its total asset base remained largely intact despite billions departing in under ten hours.
  • Third-party tracking from DefiLlama confirmed substantial multi-billion-dollar net outflo…: Third-party tracking from DefiLlama confirmed substantial multi-billion-dollar net outflows over a full day.

Sources checked by our analysis pipeline: 1

Reuters: |

Kevin Whitelaw / Bloomberg: |

Zack Abrams / The Block: |

Debby Wu / Bloomberg: |

Gunjan Banerji / Wall Street Journal: |

Amir Efrati / The Information: |

Tim Fernholz / TechCrunch: |

Harry Lambert / Colossus: |

Washington Post: |

Anzar Mehraj / Reuters: |

Sarah Klearman / Wall Street Journal: |

Ryan Gallagher / Bloomberg: |

Swati Khandelwal / The Hacker News: |

TechNode: |

Ivan Mehta / TechCrunch: |

Jyoti Mann / The Information: |

Morgan Meaker / Bloomberg: |

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