Binance Net Inflows Turn Positive at $2.3 Billion as Funds Flow Back After Hack Incident
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Binance recorded $2.3 billion in net inflows within 24 hours of a $6.3 billion hack — the largest single-day recovery among centralized exchanges, signaling that user confidence is snapping back faster than many expected.
What does the $2.3 billion inflow tell us?
DefiLlama data shows Binance led all centralized exchanges with roughly $2.3 billion in net inflows over the past 24 hours.
This means → the panic-driven withdrawal wave triggered by the hack is reversing, and users are moving funds back in.
Bitfinex netted about $280 million in the same period; Bitget about $127 million — Binance's rebound dwarfs its peers.
Monday saw massive outflows — how did the reversal happen so fast?
On Monday, Binance posted over $7 billion in net outflows; OKX led all exchanges with roughly $445 million in net inflows.
Binance said on X that by 03:00 UTC, hourly deposits had overtaken withdrawals, with "improved user activity and stabilizing fund flows."
In plain terms = on Monday users were queuing to pull money out; by Tuesday they were queuing to put it back — the swing took less than a day.
Where does the withdrawal rollout stand?
Binance froze withdrawals immediately after last Thursday's hack and began a phased restart at 06:00 UTC on Sunday.
Phase one covered nine major chains: BSC, Ethereum, Solana, XRP Ledger, Sui, Arbitrum, Optimism, Tron, and Base. Fiat withdrawal channels partially reopened on Monday.
Binance says it has replenished roughly 95% of affected assets; the remaining 5% are low-liquidity tokens being sourced through on- and off-exchange channels.
Who covers the losses?
Binance pledged to use its own reserves and protection fund to make users whole — no losses will be passed on to users.
This means → individual account balances should remain intact, provided Binance delivers on its commitment.
Who carried out the attack?
The FBI attributed the hack to North Korea on Saturday.
North Korea denied involvement on Tuesday; Kim Yo-jong, Kim Jong-un's sister, called the accusation "absurd."
This reflects an unresolved attribution dispute — a final determination has not been reached.
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