Crypto research platform CryptoRank has reported that Binance had the highest monthly net reserves among centralized exchanges, with $4.5 billion in net inflows. Bybit, on the other hand, experienced significant outflows totaling $3.5 billion following a hack in February. Other exchanges, such as KuCoin and OKX, also saw drops in net outflows. Bitfinex and HTX Global reported increases in monthly inflows. Binance's reserves reached $145.13 billion, according to CryptoRank's data. DeFiLlama data showed that Binance had $5.323 billion in net inflows in February. Binance has seen increased inflows in recent months despite legal issues and changes in leadership. Bybit experienced massive outflows after a hack that caused a loss of $1.4 billion worth of Ether, with withdrawals from customers erasing 70% of the exchange's assets. Bybit's CEO stated that all withdrawals had been processed and that the company was back to normal. THORChain reported unprecedented inflows following the Bybit hack, with $4.66 billion in swaps processed in a week. The protocol also exceeded $1 billion in transactions in a single day. Blockchain analytics firm Nansen believes the THORChain activity is linked to the Bybit hack and the laundering of stolen funds. Lookonchain reported that the Bybit hacker successfully laundered 270,000 ETH through THORChain, while the remaining 299,395 ETH remains in their possession.



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