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Crypto & Bitcoin

Binance Withdrawal Rush – Why the Numbers Don’t Match

Reported by Kosta Gushterov, Coindoo

Image: Coindoo

Key Takeaways Binance reports $3.6 billion in net outflows. DefiLlama’s 24-hour window includes pre-reopening hours. Most coins remained suspended on Sunday afternoon. Next reserve report predates the withdrawal surge. The exchange restarted withdrawals after covering most of the $6.3 billion stolen in the October 29 attack, Reuters reported , and put its net outflows at roughly $3.6 billion by 15:30 UTC. Binance counted 9.5 hours, DefiLlama counted 24 Binance said it processed about $4.65 billion in withdrawals and $1.01 billion in deposits between 06:00 and 15:30 UTC on Sunday, according to The Block .

This is an excerpt. The reporting belongs to Coindoo.

Read the full report on coindoo.com
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