Binance Loses $3.64B in Outflows After $6.3B Hack, Withdrawals Back On
Binance is processing withdrawals again after a $6.3B hack, and $3.64B in net outflows have walked out the door — just 2.1% of its $171B in total assets, per CoinDesk. Founder Changpeng Zhao says "98% choose to stay."
Binance is back open for business. Withdrawals are flowing again after the exchange resumed processing payouts, and the tally of money leaving is coming into focus: $3.64B in net outflows, according to CoinDesk.
That number sounds enormous — and it is. But stacked against Binance's $171B in total assets, the exit is a 2.1% dent. CoinDesk reports the outflow figure alongside the resumed withdrawals, framing the run as a small slice of the exchange's overall holdings.
The trigger was brutal: a $6.3B hack, the event that sent users scrambling for the exits in the first place. Binance paused and then restarted withdrawals as it worked through the fallout from the breach.
Changpeng Zhao, the exchange's founder and the voice behind the @cz_binance account, pitched the moment as a loyalty test passed. His read on the numbers: '98% choose to stay,' he noted, per CoinDesk.
So the scoreboard after the dust-up: billions out the door, sure. But the overwhelming majority of the balance sheet didn't budge — $167B-plus still sitting on the platform, if the $3.64B figure and $171B total hold as reported.
The next few days decide whether that 98% figure holds or gets revised. For now, Binance is running, withdrawals are live, and CZ is counting the ones who stuck around.
TopicsBinance · Changpeng Zhao · cz_binance · CoinDesk · BNB
Source: x.com
Written by Paparazzi with AI. Not financial advice.
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