Binance sees $6 billion outflows after withdrawal freeze
In short
Binance saw $6 billion leave after it restarted withdrawals from a 45-hour freeze.
The report says the freeze followed a $6.3 billion theft, and other exchanges gained deposits as users got access again. It is not clear how much more money may move out.
What the reporting says
Binance recorded $6 billion in outflows after restarting withdrawals following a 45-hour freeze, according to the publisher summary. CoinDesk said the freeze came after a $6.3 billion theft, and rival exchanges saw deposits as customers regained access to funds. The reporting does not say how much of Binance’s total holdings remain at risk or whether the outflows continued.
Why it matters
Binance recorded $6 billion in outflows after withdrawals resumed, following a 45-hour withdrawal freeze tied in the summary to a $6.3 billion theft. Rival exchanges attracted deposits as customers regained access to their funds. The report points to a major liquidity and trust shock for Binance, but it does not state the final balance of holdings or any official response details.