Summary
- Net inflows to Binance significantly increased following the Bybit hacking incident.
- Binance recorded $3.9 billion in weekly net inflows, which is higher than most months last year.
- After the hacking incident, Bybit's ranking by 24-hour trading volume dropped from 2nd to 11th place.
According to cryptocurrency media BeInCrypto on the 5th (local time), Binance's net inflows significantly increased following the Bybit hack.
Data shows that Binance recorded $3.9 billion in weekly net inflows after the Bybit hacking incident. This is higher than most months last year.
In Bybit's case, after the hack, it fell from being the 2nd largest exchange by 24-hour trading volume to 11th place.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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