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Binance 24-hour net inflows swing positive past $1.8 billion after hack recovery

Binance recorded a surge in capital deposits on Nov. 3, posting upwards of $1.8 billion to $2.3 billion in 24-hour net inflows following restored access to funds after a reported hack.

Table of cryptocurrency exchange reserves from DefiLlama highlighting Binance with $127.699 billion in total assets and positive 24-hour net inflows of $1.822 billion.
Image: @WhaleInsider

Significant capital flowed back into Binance on Nov. 3, reversing heavy outflows earlier in the week. According to on-chain analytics account Lookonchain and outlet Whale Insider, 24-hour net inflows reached $1.822 billion, citing DefiLlama reserve data and Arkham transactions. Cointelegraph subsequently reported that Binance led all exchanges with positive net inflows turning positive at $2.3 billion as the exchange restored access to funds following its reported $6.3 billion hack.[1][2][4]

DefiLlama reserve metrics tracked Binance's total assets at between $127.699 billion and $128.128 billion, maintaining its first-place ranking among tracked exchanges ahead of OKX and Bitfinex. Even with the daily recovery, longer-term figures remained deep in the red, with 7-day net outflows between $11.832 billion and $11.971 billion, alongside 30-day net outflows of $10.55 billion to $10.699 billion. Spot trading volume hovered around $6.59 billion.[1][3][4]

Arkham transaction records shared by Whale Insider showed a flurry of large deposits into Binance hot wallets. Notable incoming transfers included three Bitcoin deposits from addresses labeled as Wintermute totaling more than 1,870 BTC—comprising tranches of 222.95 BTC ($17.08 million), 1,081 BTC ($82.84 million), and 566.799 BTC ($43.43 million). The exchange's hot wallets also took in stablecoin deposits of 25 million USDC and 15 million USDT.[4]

Key facts

  • Lookonchain and Whale Insider reported Binance recorded $1.822 billion in 24-hour net inflows, citing DefiLlama and Arkham data.
  • Cointelegraph reported Binance led exchanges with 24-hour net inflows turning positive at $2.3 billion after restoring fund access following a $6.3 billion hack.
  • DefiLlama data showed Binance holding over $127 billion to $128 billion in tracked assets, ranking first among tracked centralized exchanges.
  • Binance's 7-day net outflows ranged between $11.832 billion and $11.971 billion, with 30-day net outflows between $10.55 billion and $10.699 billion.
  • Arkham transaction data showed Wintermute-labeled addresses deposited 222.95 BTC, 1,081 BTC, and 566.799 BTC into Binance hot wallets.
  • Binance hot wallets received additional deposits of 25 million USDC and 15 million USDT.

Sources · 4 sources

  1. LO

    Lookonchain@lookonchainPost on X ·

    Large funds are flowing into #Binance, with 24-hour net inflows reaching $1.822B. https://t.co/Lrl0bTwxIF https://t.co/SiOOGGStrt

    Open source
  2. CT

    Coin TelegraphArticle ·

    Binance’s net inflows turn positive at $2.3B as withdrawals expand Binance led exchanges in 24-hour net inflows, reversing Monday’s heavy outflows as it restored access to funds after its $6.3 billion hack.

    Open source
  3. CP

    Crypto Patel@CryptoPatelPost on X ·

    BINANCE RECORDS $2 BILLION IN NET INFLOWS IN JUST 24 HOURS! According to DeFiLlama data: 🔶 Total Assets: $128.12B 🔶 24H Net Inflows: +$2.035B 🔶 7D Net Outflows: -$11.97B 🔶 30D Net Outflows: -$10.69B 🔶 24H Spot Volume: $6.59B Binance remains one of the largest liquidity hubs in crypto.

    Open source
  4. WI

    Whale Insider@WhaleInsiderPost on X ·

    JUST IN: Significant capital is flowing into Binance, with 24-hour net inflows surging to $1.822 billion, according to data from DefiLlama and Arkham. https://t.co/gYFIG2nitH

    Open source