Binance Says Inflows Exceed Outflows as Fund Flows Stabilize
Uk Jin
Summary
- Binance said fund flows at the world's largest cryptocurrency exchange are stabilizing.
- Binance said hourly inflows had exceeded outflows as of noon, indicating user activity and fund flows were improving.
- Binance said continued user withdrawals led to a large outflow of funds after a hack worth about $6.34 billion on November 29.
Forecast Trend Report by Period
Binance, the world's largest cryptocurrency exchange, said fund flows on its platform are stabilizing after the hack.
In a post on X, formerly Twitter, on November 3, Binance said data through noon Korea time showed hourly inflows had surpassed hourly outflows. The exchange said this indicated improving user activity and more stable fund flows.
Binance had earlier been hit by a hack worth about $6.34 billion on November 29. Continued user withdrawals afterward led to a large outflow of funds.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.