Hacking News
Binance Gains $3.4B in Tracked Assets After Hack
Binance's tracked assets increased by $3.423 billion in two days after resuming withdrawals following a hack that resulted in over $6.14 billion in outflows. Competitors OKX and Bybit experienced inflows of $450.1 million and $121.8 million, respectively, while Binance's assets remained significantly higher than these exchanges. The increase in Binance's assets may be attributed to users returning funds to the exchange after temporarily moving them to personal wallets during the withdrawal suspension.