Binance Sees $1.02 Billion in Net Outflows After Reopening

Binance recorded $1.02 billion in net outflows on Sunday after reopening withdrawals, providing an early measure of customer activity following its security breach on the exchange. Binance's total platform assets stood at $156.192 billion in the same update. That figure captures the exchange's asset base, while the outflow figure tracks the net movement of customer funds after withdrawal access resumed. Net outflows count funds moving out after money flowing into the platform is offset. The $1.02 billion figure therefore describes the difference between the two directions of movement, not the gross value of all withdrawals.

Source: TokenPost