Binance Processes $4.65B in Withdrawals Across 15 Networks After Hack

Binance processed $4.649 billion in withdrawals across 15 networks after restarting services following a hack, with $1.01 billion in deposits partially offsetting the outflows to leave roughly $3.64 billion in net outflows between 06:00 and 15:30 UTC. The exchange said withdrawal volumes were stabilizing after the initial post-restart spike as it continued restoring full access. The figures underscore the scale of user fund movement in the hours after the security incident and the exchange's ability to honor redemptions. Watch next: whether outflows continue to decelerate, the pace of service restoration across the affected networks, and any disclosure from Binance on the hack's root cause and the size of the shortfall.