Binance: $5.8B in net outflows after $6.3B hack

Binance logged $5.8 billion in net outflows over the past 24 hours, according to DefiLlama data cited by Cointelegraph. The figure follows the exchange's record $6.3 billion hack.

Binance said it started 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, for net outflows of $3.6 billion. DefiLlama's separate count of $5.8 billion covers the full 24-hour window, as funds kept leaving after that first update.

In its 12:36 UTC update, Binance said withdrawals were enabled for tokens across 15 networks, including Bitcoin, Ethereum, BNB Smart Chain and XRP Ledger. The exchange said it will keep restoring more assets and networks in phases.

Binance's early data puts USDT as the largest share of withdrawals, followed by USDC and Bitcoin. The exchange said the surge has since slowed and is stabilizing, and that the outflows are a small part of the roughly $171 billion in assets it holds.

On Saturday, Binance said it had replaced 90% of the assets lost in the $6.3 billion hack. The funds came from its corporate treasury, its Secure Asset Fund for Users and its futures insurance fund.

Cointelegraph said it contacted Binance for comment and did not receive an immediate response.