Binance Posts $14.1 Billion in Weekly Net Outflows After Hack; OKX Sees $499 Million in Inflows
JH Kim
Summary
- Binance recorded $14.1 billion in net outflows over the past week.
- The trend emerged after Binance suffered a hack that caused $6.3 billion in losses.
- Over the same period, OKX posted $499 million in net inflows, showing the opposite fund-flow trend.
Forecast Trend Report by Period
Binance recorded $14.1 billion in net outflows over the past week, while rival exchange OKX saw $499 million in net inflows during the same period.
Cointelegraph reported on November 2 that Binance's net outflows over the past seven days totaled $14.1 billion. Of that amount, $3.5 billion came in the past 24 hours alone.
The outflows followed a hack at Binance that caused $6.3 billion in losses, the report said.
By contrast, OKX posted $499 million in net inflows. The two exchanges showed opposite fund-flow trends over the same period.
JH Kim
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