CNBC · 2026-11-02 00:11 UTC

Binance sees $3.64 billion in net outflows as withdrawals resume after massive hack

Binance recorded $3.64 billion in net outflows after reopening withdrawals following a $6.3 billion hack, with $4.65 billion withdrawn and $1.01 billion deposited on Nov. 1. The outflows represented 2.1% of Binance's $171 billion in total assets, with withdrawal volumes declining and stabilizing after an initial spike. Founder Changpeng Zhao stated 98% of users chose to stay, and Binance said it would absorb the hack's financial impact, having covered 95% of the impacted amount.

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