Binance recorded $2.3 billion in net inflows over the past 24 hours, leading centralized exchanges tracked by DefiLlama, as the exchange expanded withdrawals following a $6.3 billion hack last week.
Bitfinex and Bitget followed with about $280 million and $127 million in net inflows, respectively, over the same period, according to the data.
Flows reverse after withdrawal suspension
The positive reading marked a reversal from Monday, when Binance recorded more than $7 billion in 24-hour net outflows. OKX led exchanges at that time with about $445 million in net inflows.
Binance suspended withdrawals on Friday after Thursday’s hack while it investigated the breach and conducted security checks. It began restoring withdrawals at 06:00 UTC on Sunday and reopened withdrawals for some fiat currencies on Monday as outflows began to slow.
“By 03:00 UTC, we are seeing hourly deposits exceed withdrawals, reflecting improving user activity and stabilizing flows,” Binance said Tuesday on X.
Recovery update and attribution
In a Sunday recovery update, Binance said it had replaced approximately 95% of affected assets. The remaining 5% consisted of less liquid tokens that took longer to acquire through market and over-the-counter purchases.
The exchange has pledged to cover losses using company resources and protection funds without passing them on to customers.
The US Federal Bureau of Investigation attributed the attack to North Korea on Saturday. North Korea denied responsibility Tuesday, with Kim Yo Jong, sister of leader Kim Jong Un, dismissing the allegation as “absurd rhetoric.”
