Live updates: Binance records $6 billion outflows after starting withdrawals, less then 4% of total holdings

The outflows followed a 45-hour withdrawal freeze after a $6.3 billion theft, with rival exchanges attracting deposits as customers regained access to their funds.

Following a tense 45-hour temporary suspension of platform withdrawals sparked by a high-profile $6.3 billion security breach, Binance has resumed full transaction processing. Upon reopening access, the world's largest cryptocurrency exchange processed over $6 billion in net capital outflows within the first 24 hours as anxious users moved funds to self-custody wallets and rival platforms.

Despite the massive absolute dollar figure leaving the platform, blockchain analytics firms highlight that $6 billion represents less than 4% of Binance's total recorded crypto reserves. On-chain balance sheets confirm that the exchange maintains substantial capital cushions, assuring users that customer deposits remain collateralized on a 1:1 basis across major assets including Bitcoin, Ethereum, and major stablecoins.

Meanwhile, competitor platforms such as Coinbase, OKX, and Kraken have reported notable net inflows during the same period, indicating a temporary redistribution of market liquidity across the centralized exchange ecosystem. Binance leadership expressed gratitude to its technical team for resolving the security vulnerability swiftly and emphasized that operational protocols have been upgraded to prevent similar exploits in the future.

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