$1 Billion in Bitcoin Added to OKX in the Month Binance Got Hacked
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OKX's 49th consecutive proof-of-reserves report shows customer bitcoin holdings rose 9.66% to 156,609 BTC in the month ended with Binance's $6.3 billion hack, implying roughly $1 billion in net bitcoin inflows to the exchange. The report, a cryptographic audit allowing users to verify exchange-held assets, lands at a time when traders are scrutinizing custodial risk following the Binance breach. The gains suggest users are rotating funds toward exchanges perceived as safer, with OKX's long streak of monthly reserve reports reinforcing its transparency credentials. Watch for whether OKX sustains inflows in its next report and whether Binance discloses reserve recovery or further outflows.
Muhabbit's AI wrote this summary in its own words from Bitcoin.com News's report. It can get details wrong, so check the source.
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OKX, Binance, Bitcoin (BTC)
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