Binance net outflows hit $5.8B after record hack as withdrawals resume

The scale is notable less for its size than for its context: $5.8 billion is a meaningful headline number but a small share of the exchange's customer assets, suggesting this is a confidence test rather than a solvency event. The detail that withdrawals surged and then slowed is the more telling signal, since it implies the initial panic response has passed without escalating. What matters now is whether that moderation holds through the coming days, and whether the hack's disclosure and handling shape how users weigh custody risk on large centralized venues.