Binance Net Customer Outflows Reach $4.72 Billion as Flows Normalize

Binance’s customer net outflows totaled $4.72 billion through Monday, about 3% of the exchange’s assets, as hourly inflows and outflows largely returned to normal after the incident. Binance co-CEO Richard Teng gave the figures Tuesday during Hong Kong FinTech Week. Most of the outflows were in Tether (USDT), he said. Teng said Binance had replenished 95% of the affected tokens. The remaining 5% are mainly lower-liquidity tokens, and Binance is working with over-the-counter trading firms to restore those assets. The outflow total measures customer withdrawals net of deposits, separate from losses tied to the incident.

Source: TokenPost