Binance says withdrawals slowed after $5.8B outflows
In short
Binance said people pulled money out again after some services started working, and the net outflows reached $5.8 billion.
The exchange said that was only a small part of its about $171 billion in customer assets. The report does not say exactly what caused the withdrawals or whether they will keep going.
What the reporting says
Binance said withdrawals surged after some services resumed, with net outflows reaching $5.8 billion, according to the publisher summary. The exchange said the outflows were a fraction of its roughly $171 billion in customer assets. What triggered the withdrawals in detail, and whether flows remain elevated, is not stated in the available reporting.
Why it matters
Binance reported that withdrawals surged after some services resumed, and the publisher summary says net outflows reached $5.8 billion. The exchange also said those outflows were only a fraction of its roughly $171 billion in customer assets. The reporting does not specify the exact catalyst beyond resumed services, or whether the outflow pace has fully normalized.