Binance Posts Daily Net Inflows After Withdrawal Restart, but Seven-Day Outflows Remain Large
Binance recorded a positive daily net inflow after resuming withdrawals following a hack estimated at roughly $6.3 billion. Sources disagree on the size of the inflow, and seven-day net outflows remain at $11.832 billion on DefiLlama's dashboard.
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Conflicting Inflow Figures
Binance posted positive daily net inflows after resuming withdrawals, but the size of the reading depends on the source. The Defiant, citing DefiLlama's exchange dashboard, reported $1.82 billion in daily net inflows. ZyCrypto reported that founder Changpeng Zhao (CZ) claimed $2.8 billion in net inflows over 24 hours in a post on X, and separately cited later reporting putting net inflows at about $2.3 billion. The gap between the $2.8 billion claim and the $2.3 billion and $1.82 billion figures has not been reconciled in the sources reviewed.
The Seven-Day Picture
The daily figures sit against a much larger outflow over the past week. DefiLlama's seven-day net outflow figure stood at $11.832 billion at the time of The Defiant's report, despite the positive daily reading. Daily inflows and the seven-day trend therefore point in different directions, and the sources do not indicate which measure better reflects the exchange's recovery.
Background on the Hack and Withdrawal Pause
Binance suffered what ZyCrypto describes as the largest hack in crypto's history, worth roughly $6.3 billion, last week. The exchange paused withdrawals while it investigated the attack and updated its security infrastructure. Withdrawals resumed on Sunday at the start of this month, in phases. The exchange also published proof of reserves and froze more than $2 billion in stablecoins, according to ZyCrypto.
Binance officials say about 95% of affected assets have been replenished, with major tokens including Bitcoin, Ethereum, USDT and BNB set to have full backing. ZyCrypto reports the exchange's overall assets at around $171 billion and says it remains profitable. These figures come from Binance's own statements and have not been independently verified in the sources reviewed.
Risk and Open Questions
Some critics predicted heavy outflows could leave the exchange illiquid. Independent reporting cited by ZyCrypto indicates the platform is recovering, but that the impact on its balances still leaves it exposed. Binance says it has updated its security protocols and will work to identify remaining shortcomings over time. The sources note that the broader threat environment is also changing, as hacks rise and attackers increasingly use AI tools.
Why It Matters
For Traders
Conflicting inflow figures and a large seven-day outflow mean short-term exchange balance data should be read with caution until independent reporting converges.
For Investors
Binance's recovery from a $6.3 billion hack is a test of exchange solvency and user trust that will shape how counterparty risk is priced across the sector.
For Builders
Exchange reserve disclosures and withdrawal-pause mechanics after this hack offer a live case study for designing custody and emergency-response systems.
This article is for information only and is not financial advice. Read the full disclaimer.
