Binance experiences a surge in net inflows after the Bybit hack
After the Bybit hack, Binance saw a huge increase in net inflows, reaching $3.9 billion in just one week. This was a big jump compared to previous months. The hack was the largest theft in crypto history, causing Bybit to drop from the second-largest exchange to the eleventh. As users left Bybit, Binance took advantage of the situation, bringing its total net inflows for February to $5.32 billion. In contrast,