TL;DR
- Binance recorded $5.28 billion in cumulative net outflows after withdrawals resumed, with customers moving $10.97 billion from the exchange over roughly 46 hours.
- Withdrawal pressure peaked at $936 million in net outflows during one hour, while deposits totaled about $5.69 billion between November 1 and early November 3.
- By 03:00 UTC on November 3, hourly deposits exceeded withdrawals by roughly $10 million, signaling improvement while cumulative flows remained negative overall.
Binance recorded $5.28 billion in cumulative net outflows after withdrawals resumed following the late-October cyber attack, as customers moved $10.97 billion from the exchange over roughly 46 hours. In an official update, Binance said flow conditions were beginning to stabilize. The withdrawals came after services were restored following a temporary suspension. The exchange is facing substantial post-attack withdrawals while maintaining that recovery is progressing, placing renewed attention on Binance and its ability to absorb the shock.
Withdrawal data update
By 03:00 UTC, we are seeing hourly deposits exceed withdrawals, reflecting improving user activity and stabilizing flows. pic.twitter.com/UiXmYC2lm3
— Binance (@binance) November 3, 2026
Binance Outflows Ease After Initial Withdrawal Surge
The strongest pressure appeared after withdrawal services reopened. At the peak, net outflows reached about $936 million in a single hour, while gross withdrawals climbed to approximately $1.24 billion during that period. That hourly spike marked the sharpest period of pressure after reopening began. The $5.28 billion cumulative figure reflects withdrawals exceeding deposits, not an additional loss from the hack itself, an important distinction as Binance continues its post-hack recovery process.
Deposits remained significant even as funds left the platform. Between November 1 and early November 3, incoming transfers totaled about $5.69 billion. By 03:00 UTC on November 3, hourly deposits exceeded withdrawals by roughly $10 million, although the cumulative balance since reopening remained negative. That reversal was limited to the hourly snapshot, not the cumulative total. The latest hourly flow showed an improvement in exchange activity without erasing the earlier withdrawal wave, complementing Binance’s wider withdrawal restoration.
The outflows followed an attack that removed approximately $6.3 billion in crypto assets from Binance, a separate figure from customer withdrawals recorded after services returned. Binance leadership has pointed to the recent deposit trend as evidence that activity is normalizing. The distinction prevents the two figures from being treated as one event. Separating the stolen assets from subsequent customer movements is essential for assessing the exchange’s financial position, while recovery efforts continue against assets already moved across multiple blockchain networks.
The exchange has also stressed that customer balances remain covered as it works through the aftermath of the breach. The cumulative net outflow remains a significant liquidity movement, but the latest data indicate that withdrawal intensity has declined from its initial peak. That trend remains early. Binance’s next test is whether positive hourly inflows can persist long enough to reverse the cumulative deficit, as asset recovery and operational normalization proceed alongside efforts to trace stolen funds.
