Binance sees nearly $3.8 billion withdrawn in 10 hours after reopening

Binance experienced nearly $3.8 billion in withdrawals within 10 hours of reopening, underscoring persistent trust concerns in the crypto market. The outflows followed the exchange's reopening after a period of suspended activity, with users moving funds amid heightened scrutiny of centralized platforms. The scale of the withdrawals highlights the pressure on Binance to demonstrate security and transparency measures to retain user confidence. Market participants are watching whether outflows continue or stabilize, and whether Binance will provide additional disclosures or assurances to address liquidity and custody concerns. The episode reflects broader industry sensitivity to exchange solvency and operational reliability following recent sector turmoil.