NewsCryptoBinance Logs $2.3 Billion in Net Inflows One Week After $6.3 Billion Hack

Binance Logs $2.3 Billion in Net Inflows One Week After $6.3 Billion Hack

Author: Coinotag·

Key Takeaways

  • •Thieves drained approximately $6.3 billion from Binance in a security incident that occurred one week before the latest flow readings.
  • •Binance recorded about $2.3 billion in net inflows over the past 24 hours, the largest figure among major centralized exchanges.
  • •The positive inflow figure marks a sharp reversal in customer fund movements following the hack.
  • •Net inflows are measured as the difference between deposits into and withdrawals out of an exchange's wallets and are used to track how customer balances shift across centralized platforms.
  • •Since the $2.3 billion reading covers only a single 24-hour window, subsequent daily net-flow data will determine whether the reversal in customer deposits persists.
Binance Logs $2.3 Billion in Net Inflows One Week After $6.3 Billion Hack

One week after thieves drained roughly $6.3 billion from Binance, customer money is flowing back into the exchange, according to aggregated centralized-exchange (CEX) flow data.

Data covering the past 24 hours shows Binance took in about $2.3 billion in net inflows, the largest reading among major venues and a sharp reversal in the movement of customer funds following the security incident.

Net inflows are generally calculated as the difference between deposits into and withdrawals out of an exchange's wallets over a given period, and are widely used as an indicator of how customer balances are shifting across centralized platforms. Because centralized exchanges hold customer assets in custodial wallets, deposits and withdrawals leave visible on-chain traces, which is why net-flow readings are often monitored in the aftermath of a security incident at a major platform.

Binance is among the world's largest cryptocurrency exchanges by trading volume. The $2.3 billion reading reflects a single 24-hour window, so subsequent daily net-flow data across major venues will show whether the reversal in customer deposits persists.

This content was first published on COINOTAG: https://en.coinotag.com/binance-2-3b-net-inflows-after-6-3b-hack