Binance sees $3.64 billion in net outflows as withdrawals resume after massive hack

Binance recorded $3.64 billion in net outflows after resuming withdrawals following a $6.3 billion hack, representing 2.1% of its total assets. The outflows followed the exchange's temporary suspension of withdrawals, a standard response to contain damage after a security breach of this scale. The $6.3 billion hack ranks among the largest in crypto industry history, and the relatively modest 2.1% outflow rate suggests most users held their positions despite the breach. Still, the figures underscore how quickly liquidity can move off exchanges during a crisis, even when platforms act swiftly to restore services. Investors and regulators will be watching whether outflows stabilize in the coming days and whether Binance discloses further details on the hack's cause and reimbursement plans.