Binance recorded $3.64 billion in net customer outflows during the first nine and a half hours after it reopened withdrawals on November 1, equal to 2.1% of its reported $171 billion in assets. The exchange said withdrawal volumes eased after an initial spike while deposits remained substantial.
Between 06:00 and 15:30 UTC, Binance processed about $4.65 billion in withdrawals and $1.01 billion in deposits, according to its official update. The exchange compared the net outflow with its October 28 proof-of-reserves snapshot. Reuters independently reported the same figures and said Binance was still restoring some withdrawals in phases.
The outflows followed the $6.3 billion theft Binance disclosed on October 29. The exchange said it had replenished about 95% of the stolen assets and would cover the remaining losses. The FBI’s attribution to North Korea-linked TraderTraitor and the exchange’s phased withdrawal reopening are covered in Abijita’s earlier reports.
The $3.64 billion figure is a snapshot of net flows during a specific 9.5-hour period, not a measure of all customer activity or a guarantee that every asset is currently withdrawable. Binance said withdrawals had begun to stabilize, but its recovery process remained in progress.
What users should do
If you plan to withdraw, check Binance’s official recovery update for the current status of your asset and network, then confirm the destination network before sending. Ignore unsolicited messages offering recovery help and use official support channels only.
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Binance Sees $3.64B in Outflows After $6.3B Hack
