Binance Reels In $2.8B in a Day as CZ Touts Comeback From Record Hack

Binance is pulling money back in. Founder Changpeng Zhao says the exchange logged $2.8 billion in net inflows over a single 24-hour stretch, a striking flip after a hack that had cash racing for the exits. CZ, the platform's former CEO, announced the number on X, per ZyCrypto.

He didn't just post it himself — he amplified a report from Mars BNB showing recovery flows into the exchange. That's a pointed move from a founder trying to let outside data do the talking. Either way, the direction of travel changed fast.

Context matters here. Binance just weathered the largest hack in crypto's history, roughly $6.3 billion, according to the report. Withdrawals got frozen while the team dug into the attack and rebuilt security, and customers only started pulling funds again in phases from Sunday at the start of the month.

The recovery tools came out quickly: proof of reserves, more than $2 billion in stablecoins frozen, and CZ stepping in immediately. Binance officials say about 95% of affected assets have been replenished, with Bitcoin, Ethereum, USDT and BNB on track for full backing. The exchange holds roughly $171 billion in total assets and says it's still profitable.

Not everyone's number matches. Independent on-chain watchers like DefiLlama tracked heavy outflows right after the hack, and later reporting pegged net inflows closer to $2.3 billion — a solid rebound, just not the $2.8 billion CZ is touting. The gap is worth noting, even as the trend line points up.

So users haven't abandoned ship. Critics who predicted the outflows would leave Binance illiquid look wrong so far, though the balance sheet damage keeps the risk alive. Binance says its security protocol is updated, and the broader warning stands: hacks are climbing, and attackers are using AI to sharpen their game.