COINTELEGRAPH · 2026-11-02 00:00 UTC

Binance net outflows surge to $5.8B as withdrawals resume after record hack

Binance experienced $5.8 billion in net outflows over 24 hours as customers resumed withdrawals following a record $6.3 billion hack. The exchange processed $4.6 billion in withdrawals against $1 billion in deposits after reopening withdrawals on Sunday, with outflows representing a small portion of its $171 billion in assets. Binance has replaced 90% of hacked assets using corporate treasury and insurance funds, and is restoring withdrawals in phases across multiple blockchain networks.

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