Binance Logs $3.64 Billion In Net Outflows After Reopening Withdrawals Following Record $6.3 Billion Hack
Binance said users pulled out a net $3.64 billion in the first nine and a half hours after it resumed withdrawals on Sunday, which followed Thursday's record $6.3 billion hack. The exchange said the outflow was about 2.1 percent of its assets and that the pace had slowed after an initial rush. Binance began restoring withdrawals in phases at 06:00 UTC on November 1, 2026. By 12:36 UTC,…
Binance reported a net outflow of $3.64 billion within the first nine and a half hours after resuming withdrawals on Sunday, following a record $6.3 billion hack on Thursday. The exchange stated that the outflow represented approximately 2.1 percent of its total assets. Binance gradually resumed withdrawals starting at 06:00 UTC on November 1, 2026, and by 12:36 UTC, all 15 networks and assets in the initial phase were operational.
Withdrawal volumes initially spiked but are now stabilizing as expected, while deposits continue to be substantial.
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- Binance Restarts Withdrawals as Questions Linger on Record Hack insurancejournal.com
