Bybit, Bitget and OKX recorded sharp increases in deposits following Binance’s October 29 hack, which led to a nearly three-day suspension of withdrawals. Bybit’s Ethereum deposit addresses rose 142%, while Bitget’s addresses on TRON increased 130%. OKX received $432 million in Ethereum stablecoin deposits and $528 million on TRON, compared with $155 million and $357 million the previous week. However, blockchain data does not confirm that these deposits came from Binance customers, as market volatility may also have contributed. After withdrawals reopened on November 1, Binance processed $4.65 billion in withdrawals and $1.01 billion in deposits, resulting in net outflows of approximately $3.64 billion.
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