Binance Reopens Withdrawals After Record Hack; Billions Flee

The reopening matters less as a technical milestone than as a live test of depositor confidence: the fact that funds kept flowing out once the doors were open suggests the hack's reputational cost is being priced in real time, not just in lost balances. It also sharpens a governance fault line, with THORChain's co-founder resisting halting operations for an FBI demand — a reminder that decentralized protocols face competing pressures between law enforcement cooperation and censorship resistance. Whether outflows stabilize after the initial rush, and how other protocols handle similar requests, is the open question.