COINDESK · 2026-11-03 13:03 UTC

Binance net outflows reach $5.3 billion after record hack. CEO says recovery underway

Binance experienced $5.28 billion in net outflows over 46 hours following a $6.4 billion hack attributed to North Korea's TraderTraitor group on October 29. Withdrawal pressure peaked on November 1 with $936 million net outflows in a single hour, but slowed significantly by November 3. CEO Richard Teng cited a shift to positive hourly inflows by November 3 as evidence of stabilization and recovery.

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