Key facts
- OKX recorded about $445 million in 24-hour net inflows, the largest among tracked exchanges, per DefiLlama.
- Binance's net outflows exceeded $7 billion, up from $5.8 billion earlier Monday, per DefiLlama.
- Binance said it began restoring withdrawals in phases at 6:00 a.m. UTC on Sunday.
- Binance said it had replenished about 95% of affected assets by Sunday, up from 90% on Saturday.
- Binance held about $127.9 billion in tracked wallets, more than four times OKX's $29 billion, per DefiLlama.
OKX recorded about $445 million in 24-hour net inflows, the largest among tracked crypto exchanges, while Binance registered more than $7 billion in net outflows, according to data aggregator DefiLlama. Binance's outflows rose from $5.8 billion earlier Monday.
Binance said it began restoring withdrawals in phases at 6:00 a.m. UTC on Sunday, after suspending them on Friday following a $6.3 billion hack late Thursday. The exchange said it had replenished about 95% of the affected assets by Sunday, up from 90% on Saturday, and that the remaining 5% consisted of less liquid tokens it continued to buy through market and over-the-counter transactions.
Binance said it is using its corporate treasury, a partial deployment of its Secure Asset Fund for Users (SAFU) and a portion of its futures insurance fund to replace the stolen assets, and has pledged to absorb the losses without passing them on to customers. About $3 billion in stolen assets frozen by industry partners is separate from Binance's replacement funds, according to the report.
Bybit was second among exchanges with $112 million in 24-hour net inflows, followed by Gate with $91 million and Bitget with $54 million, per DefiLlama. At the time of writing, Binance held about $127.9 billion in wallets tracked by DefiLlama, more than four times the $29 billion at OKX, the second-largest exchange by that measure.
OKX's OKB token rose about 1.4% over the past 24 hours to trade near $113 on Monday, while BNB gained 0.3% to about $708 over the same period, according to CoinMarketCap. Binance said Sunday it published a new reserves snapshot and that an updated proof-of-reserves report was expected Monday.