OKX Tops Crypto Exchange Inflows as Binance Recovers From Historic $6.3B Hack

OKX holds the top position among crypto exchanges for net fund inflow.

Bybit ranked second with $112 million in net inflows, followed by Gate at $91 million, and Bitget reporting $54 million inflow within the same 24-hour window, according to DefiLlama's data.

Binance registered the largest net outflow among tracked exchanges, exceeding $7 billion, an increase from $5.8 billion reported earlier on Monday. The exchange initiated a phased reinstatement of withdrawals starting at 6:00 a.m. UTC on Sunday.

At publication, DefiLlama tracked approximately $127.9 billion held in Binance wallets, over four times the $29 billion held by OKX, the second-largest exchange by this metric.

Withdrawals at Binance were suspended on Friday shortly after the $6.3 billion hack occurred late Thursday, marking the biggest security breach in cryptocurrency history.

By Sunday, Binance announced it had restored about 95% of the stolen assets, up from 90% the day before. The remaining 5% comprised less liquid tokens that Binance continued to acquire through market and over-the-counter purchases.

To replace the stolen funds, Binance is utilizing its corporate treasury, partial amounts from its Secure Asset Fund for Users (SAFU), and portions of its futures insurance fund. The exchange committed to covering the losses without passing any costs onto customers.

Approximately $3 billion of the stolen assets, frozen by industry partners, remain separate from Binance's replacement funds. On Sunday, Binance released a new snapshot of reserves, with an updated proof-of-reserves report expected on Monday.

Over the past 24 hours, OKX’s OKB token rose about 1.4%, trading near $113 on Monday, while Binance’s BNB token increased 0.3% to approximately $708, according to CoinMarketCap.