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

After the record $6.3 billion hack, Binance reopened withdrawals, and customers used them right away. According to DefiLlama, net outflows from the exchange passed $7 billion. OKX took in the largest daily inflow among tracked venues: $445 million net.

It is the first real test of trust in the world's largest exchange. And it matters to anyone who keeps Bitcoin or stablecoins there.

Where the $7 billion went

Binance began restoring withdrawals in phases at 06:00 UTC on Sunday, with Bitcoin first. On Monday morning net outflows stood at $5.8 billion, and within hours they grew past $7 billion. It looks like two days of frozen withdrawals built up a queue of people who wanted their money out at once.

Among the exchanges that gained, OKX leads with $445 million. Bybit follows ($112 million), then Gate ($91 million) and Bitget ($54 million). Together the four venues collected about $702 million, roughly a tenth of what Binance lost.

So where did the rest go? The data gives no exact answer. Our reading is that most of it went to self-custody or to exchanges that DefiLlama does not track.

Why Binance can absorb this outflow

The outflow has to be read next to the balance sheet. DefiLlama shows about $127.9 billion in Binance wallets, more than four times the $29 billion at OKX, the second-largest exchange. A $7 billion outflow is around 5% of that figure.

Binance is covering the hack losses from its own funds and has pledged not to pass them on to customers. On Sunday the company said it had already replaced about 95% of the stolen assets (it was 90% on Saturday). The rest is less liquid tokens that the exchange keeps buying on the market and over the counter. The money comes from three pools: the corporate treasury, part of the SAFU fund and part of the futures insurance fund.

Separate from these funds, about $3 billion of stolen assets was frozen by industry partners. It is not counted in the calculation. Binance promised to publish an updated proof-of-reserves report on Monday.

Price is not panicking yet

The market reacted calmly. On Friday Bitcoin dipped below $77,000, and by Monday it had won back part of the loss and moved close to $79,000. OKX's token, OKB, gained about 1.4% and trades near $113. BNB rose only 0.3%, to roughly $708.

Big money looks more cautious. Spot Bitcoin ETFs lost $643 million on Friday, the largest daily outflow in four months. With that result, 2026 is barely positive for the funds.

Risks for people moving their funds

Fleeing one exchange does not remove risk, it only moves it to another. A few things are worth keeping in mind.

• OKX took $445 million on $29 billion of client assets, about 1.5% of its balance, so the inflow is manageable for now.
• A fast-growing exchange may temporarily set limits and extra checks on new deposits.
• A wave of transfers attracts scammers, so addresses and websites deserve extra care.
• The final picture will come with Binance's updated reserves report.

What the first week after the hack showed

In two days Binance lost around 5% of customer assets but not its solvency. OKX and Bybit got the biggest inflows, yet together with Gate and Bitget they cover only a tenth of the outflow. The next checkpoint is the reserves report and whether outflows slow after it.