EP 47
Binance Reopens Phased Withdrawals As Reserves Absorb Outflows
In this episode
Binance has begun phased withdrawal resumptions following its recent security incident, successfully processing between $5.8B and $7B in outflows against its reported $171B asset base while adding new fiat withdrawal options. Bitcoin traded steadily near $77,982.01 and BNB Chain TVL held at $5.25B as markets absorbed the fallout from the exploit. On-chain activity on BSC saw continued traction with Flap and gang.fun launchpad tokens, alongside new copy-buy agent commands.
- Binance resumed withdrawals in phases following its security incident, processing between $5.8B and $7B in net outflows against an estimated $171B in total customer assets.
- Yi He posted that fiat withdrawals have reopened for new currencies including USD, AED, VND, PHP, and IDR.
- Yi He emphasized that Binance's priority is securing the platform and operating transparently to return user funds, contrasting it with opaque exchanges that abscond.
- CZ warned users that scammers are on overdrive and urged vigilance against fake screenshots and false information.
- The FBI attributed the estimated $6B Binance hack to North Korean cyber actors.
- U.S. spot Bitcoin ETFs recorded $643M in net outflows on Friday following the incident.
- BSC total value locked rose 0.4% in the last 24 hours to $5.25B, led by PancakeSwap AMM at $1.47B and Venus Core Pool at $1.16B.
- gang.fun introduced a one-click buy command feature allowing users to directly copy execution prompts into AI agents.