OKX led crypto exchanges with $445 million in net inflows over the past 24 hours, the highest among tracked platforms. Binance, meanwhile, faced over $7 billion in net outflows after resuming withdrawals following a $6.3 billion hack, the largest in cryptocurrency history. Bybit, Gate, and Bitget followed OKX with $112 million, $91 million, and $54 million in net inflows, respectively, according to DefiLlama.
Binance’s outflows surged from $5.8 billion earlier Monday as the exchange worked to restore withdrawals in phases. At the time of writing, Binance held about $127.9 billion in tracked wallets, more than four times OKX’s $29 billion. Binance had suspended withdrawals on Friday, shortly after the hack late Thursday.
By Sunday, Binance reported replenishing approximately 95% of the stolen assets, up from 90% on Saturday. The remaining 5% consisted of less liquid tokens, which the exchange continued to repurchase through market and over-the-counter transactions. Binance is using its corporate treasury, a portion of its Secure Asset Fund for Users (SAFU), and part of its futures insurance fund to replace the stolen assets, pledging 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. The exchange published a new reserves snapshot on Sunday, with an updated proof-of-reserves report expected Monday. OKX’s OKB token rose about 1.4% to near $113, while Binance’s BNB gained 0.3% to about $708 over the same period.