OKX Attracts $445 Million as Traders Move Funds Following…
By Abdelaziz Fathi
AI summary of the source article
OKX recorded approximately $445 million in net cryptocurrency inflows over 24 hours as Binance experienced massive outflows following an October 29 security breach. Competing exchanges Bybit, Gate, and Bitget also gained fresh deposits.
Why it matters
The divergence provides an early indication of changing exchange balances following the largest cryptocurrency theft on record.
Key facts
- OKX attracted around $445 million in net inflows over 24 hours, leading rival exchanges that together took in roughly $702 million.
- DefiLlama data showed Binance net wallet outflows exceeded $7 billion following a $6.3 billion security breach.
- Binance reported cumulative net customer withdrawals reached $4.72 billion and stated it had replenished roughly 95% of affected assets.
Source excerpt · FinanceFeeds
OKX recorded approximately $445 million in net cryptocurrency inflows over 24 hours on Monday, leading major centralized exchanges as Binance continued to experience substantial withdrawals following last week's $6.3 billion security breach. Data from DefiLlama showed Binance's net wallet outflows exceeding $7 billion during an earlier Monday reporting window, while competing exchanges including B…