OKX draws $445M in net inflows as Binance outflows exceed $7B

OKX recorded about $445 million in 24-hour net inflows, the largest among tracked crypto exchanges, while Binance continued to register outflows after reopening withdrawals following its $6.3 billion hack.

Crypto exchange Bybit was in second place with $112 million in net inflows, followed by Gate with $91 million and Bitget with $54 million in 24-hour net inflows, according to DefiLlama.

Binance recorded the biggest net outflows among tracked exchanges, with more than $7 billion, up from $5.8 billion earlier Monday. Binance said it began restoring withdrawals in phases at 6:00 a.m. UTC on Sunday.

At the time of writing, Binance held about $127.9 billion in wallets tracked by DefiLlama, more than four times the $29 billion at OKX, the second-largest exchange by that measure.