OKX draws $445M in net inflows as Binance outflows exceed $7B

خلاصہ:OKX recorded $445 million in daily inflows to lead all cryptocurrency exchanges, while Binance registered the largest net outflows of around $7 billion.

OKX recorded about $445 million in 24-hour net inflows, the largest among tracked crypto exchanges, while Binance continued to register outflows after reopening withdrawals following its $6.3 billion hack.

Crypto exchange Bybit was in second place with $112 million in net inflows, followed by Gate with $91 million and Bitget with $54 million in 24-hour net inflows, according to DefiLlama.

Binance recorded the biggest net outflows among tracked exchanges, with more than $7 billion, up from $5.8 billion earlier Monday. Binance said it began restoring withdrawals in phases at 6:00 a.m. UTC on Sunday.

At the time of writing, Binance held about $127.9 billion in wallets tracked by DefiLlama, more than four times the $29 billion at OKX, the second-largest exchange by that measure.

Binance suspended withdrawals Friday, soon after late Thursdays $6.3 billion hack, the largest in cryptocurrency history.

By Sunday, Binance said it had replenished approximately 95% of the affected assets, up from 90% on Saturday. The remaining 5% consisted of less liquid tokens that it continued to buy through market and over-the-counter transactions.

The exchange is using its corporate treasury, a partial deployment of its Secure Asset Fund for Users (SAFU) and a portion of its futures insurance fund to replace the stolen assets. Binance has pledged to absorb the losses without passing them on to customers.

About $3 billion in stolen assets frozen by industry partners is separate from Binances replacement funds. Binance said Sunday it published a new reserves snapshot and an updated proof-of-reserves report was expected Monday.

OKXs OKB token rose about 1.4% over the past 24 hours to trade near $113 on Monday, while BNB gained 0.3% to about $708 over the same period, according to CoinMarketCap.

Related: THORChain‘s RUNE jumps 13% after Binance’s record $6.3B hack

ڈس کلیمر

یہ مضمون صرف مصنف کی ذاتی رائے پر مبنی ہے، یہ پلیٹ فارم کی سرمایہ کاری کی مشورہ نہیں ہے۔ پلیٹ فارم مضمون کی معلومات کی درستگی، مکملیت اور بروقت ہونے کی کوئی ضمانت نہیں دیتا، اور مضمون کی معلومات پر اعتماد یا استعمال سے ہونے والے کسی بھی نقصان کی ذمہ داری قبول نہیں کرتا۔