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This marked the largest weekly outflow, which represents 1% of the market, while Bitcoin-based products saw $224 million in outflows.

Bankrupt crypto exchange FTX's crypto portfolio rose by roughly $63 million, according to Arkham Intelligence dashboard.

The exchange said it identified an issue and halted all activities except cancel options between 13:58 UTC and 14:18 UTC.

Paxos and Celsius also lost money in the shut down, however, the companies expect the recover the lost funds soon with the help of the FDIC.

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TrueUSD (TUSD) holds $852.27 million at the embattled Signature Bank, according to its real-time reserves data.

The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.

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Euler Finance confirmed that it was aware of the attack. Its native EUL token has dumped roughly 48% following the news.

Circle said that the $3.3 billion of USDC reserve deposits held at Silicon Valley Bank will be fully available on Monday.