Binance Logs $2.3B in Net Inflows After $6.3B Hack

Hourly Deposits Exceed Withdrawals

One week after thieves drained roughly $6.3 billion from Binance, customer money is flowing back into the exchange. Aggregated centralized-exchange flow data shows Binance took in about $2.3 billion of net inflows over the past 24 hours, the largest reading among major venues and a sharp reversal from Monday, when net outflows ran above $7 billion. Bitfinex recorded roughly $280 million and Bitget about $127 million over the same window. On those figures, Binance alone attracted close to eight times the net inflow of the second-ranked exchange, which means the returning funds concentrated almost entirely on the venue that had just absorbed the loss.

The contrast with the previous session was stark: as Binance bled out on Monday, OKX led all tracked venues that day with about $445 million in net inflows. The company marked the turn publicly on Tuesday, saying in a post on X that by 03:00 UTC hourly deposits had again exceeded withdrawals, “reflecting improving user activity and stabilizing flows.” The path to that point was abrupt. Withdrawals were suspended on Friday, the day after the theft was disclosed, while the exchange ran security checks. Service resumed in phases from 06:00 UTC on Sunday, and some fiat withdrawal channels reopened on Monday. By Tuesday the queues that had drained more than $7 billion in a single day had flipped into net deposits, with hourly intake ahead of outgo for the first time since the incident. Binance has said the private keys of its exchange wallets were not compromised, with the intrusion traced to an engineer’s laptop, while estimating the loss at $6.3 billion.

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95% of Affected Assets Restored

The recovery mechanics are laid out in Binance’s fourth incident update, published on Sunday. The announcement states that the exchange has already restored about 95% of the assets affected by the theft. The remaining 5% sits in less liquid tokens that take longer to buy back through regular market orders and over-the-counter desks without distorting prices, which is why that portion is proceeding more slowly. Binance has pledged to absorb the entire loss through company resources and its Secure Asset Fund for Users (SAFU), with no cost passed on to customers.

Reserve transparency has moved in parallel. On November 2 the exchange published complete zero-knowledge proofs for its proof-of-reserves, letting holders of 10 major tokens, including BTC and ETH, verify client-side that their accounts are backed at least 1:1. On the attribution front, the FBI pointed to North Korea on Saturday; Pyongyang denied any role on Tuesday, with Kim Yo Jong, sister of leader Kim Jong Un, calling the allegation “absurd rhetoric.” Co-founder He Yi has also publicly rejected online rumors claiming an exchange engineer had ties to North Korean agents. For readers returning to the platform, our walkthrough of how to trade crypto on Binance covers account setup and order execution from scratch.

SAFU Payout vs the FTX Precedent

Our read: the swing from more than $7 billion of daily outflows to $2.3 billion of inflows inside a day indicates the panic-withdrawal phase has ended, but the more load-bearing indicator is withdrawal capacity itself. The inflow figure only means something durable once limits, processing speeds and reserve verification all operate normally, and the official recovery update leaves a visible open item in the 5% of illiquid tokens still being repurchased. The full payout from company resources and SAFU, rather than a hole in customer balances, is the clearest difference from the FTX collapse of 2022, when user funds vanished without recourse. Whether the streak survives risk-asset volatility around the upcoming midterm elections is the next variable to watch.