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Binance's net inflows turn positive at $2.3B as withdrawals expand
Binance recorded $2.3 billion in net inflows over 24 hours as it expanded withdrawals following last week's $6.3 billion hack. The exchange led centralized exchanges tracked by DefiLlama in 24-hour net inflows, reversing more than $7 billion in net outflows on Monday.
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What happened
Binance recorded $2.3 billion in net inflows over 24 hours as it expanded withdrawals following last week's $6.3 billion hack. The exchange led centralized exchanges tracked by DefiLlama in 24-hour net inflows, reversing more than $7 billion in net outflows on Monday.
Confirmed
Global impact / market context
Returning deposits show users are moving money back after the hack forced withdrawal suspensions. If the recovery holds, Binance can rebuild customer confidence and cover losses with company resources and protection funds, rather than passing costs to users.
Analyst inference
The swing from heavy outflows to inflows suggests depositor panic is easing across centralized exchanges. Binance's dominant share of tracked inflows matters because its stability influences trading activity, token prices and confidence in other platforms handling similar security risks.
Analyst inference
What to watch
- Binance said hourly deposits exceeded withdrawals by 03:00 UTC, and it has restored withdrawals for some fiat currencies. Confirmed
- Binance said it replaced about 95% of affected assets and will cover losses using company resources and protection funds. Confirmed
- Watch whether net inflows persist beyond one day, which would signal lasting user confidence, and whether the remaining less liquid tokens are fully acquired. Analyst inference