Binance Wallet Flows Rebound After $7B Post-Hack Exodus
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Tracked Binance wallets recorded about $3.25 billion in 24-hour net inflows after previously seeing more than $7 billion leave in a day.
Funds are flowing back into Binance-linked wallets following heavy withdrawals triggered by a major security incident, according to data cited by Bitcoin.com News.
The exchange's tracked wallets posted roughly $3.25 billion in net inflows over 24 hours, reversing the direction of the earlier movement.
Daily outflows had exceeded $7 billion in the aftermath of what the report described as a $6.3 billion hack, reflecting a sharp initial reaction from users.
The return to positive net flows indicates deposits outpaced withdrawals during the latest measured period, although it does not by itself show whether activity has returned to pre-incident levels.
Source: Bitcoin.com News
