Binance Records $5.8B in Net Outflows After Access Returns

What happened: Binance experienced approximately $5.8 billion in net outflows over the 24 hours following the reopening of withdrawals, according to DefiLlama data cited in reporting. The figure compares with approximately $171 billion in reported customer assets, while USDT, USDC and Bitcoin were among the leading assets withdrawn. Binance said withdrawal activity surged when access returned but subsequently slowed and began to stabilize.

Why it matters: The reported outflows represent roughly 3% of the stated customer-asset total, providing scale without resolving questions about the composition or immediate availability of reserves. Net outflows measure withdrawals after deposits are accounted for, so they should not be confused with gross withdrawals or added to the theft as another loss of exchange capital. The company's stabilization statement is also a claim about the direction of activity; continuing flow data and reserve disclosures will be needed to assess whether the initial rush has passed.

Sources: Cointelegraph; The Information.