Binance reports $3.64 billion net outflow after withdrawals reopen
Binance says withdrawals exceeded deposits by about $3.64 billion in the first nine and a half hours after reopening, The Block reports. The exchange says volumes eased after an initial spike. That flow measure is separate from the theft loss and does not establish that every withdrawal route is available. The report also cites broader outflows tracked by DefiLlama. Binance expects an updated reserves report on Monday; completion remains pending.
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Binance says withdrawals exceeded deposits by about $3.64 billion in the first nine and a half hours after reopening, The Block reports. The exchange says volumes eased after an initial spike. That flow measure is separate from the theft loss and does not establish that every withdrawal route is available. The report also cites broader outflows tracked by DefiLlama. Binance expects an updated reserves report on Monday; completion remains pending.
Counter view: Limitation: withdrawal access remains incomplete, and the updated reserves report is still projected.
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