Binance Records $4.5B in 24-Hour Withdrawals After $6.3B Hack, Nearly 90% of Funds Stay Off Rival Exchanges

Binance processed $4.5 billion in withdrawals within 24 hours of reopening following a $6.3 billion hack, exchange data shows. The next ten exchanges combined drew roughly $368 million, with OKX capturing most of that flow, while Coinbase added 984 BTC and Kraken 1,422 BTC. Nearly nine in ten dollars leaving Binance did not land on a competing venue.