Binance records $3.64bn net outflow after reopening post-hack withdrawals

The exchange processed $4.649 billion in user redemptions following a major security breach, equal to 2.1 percent of its total assets.

By Divyansh Mishra, YourKhabri DeskNov 1, 2026, 04:16 PM UTC1 min readBinanceExchangesOutflowsSecurity

Photo: Binance, CC BY 4.0, via Wikimedia Commons

Key takeaways

1Binance processed $4.649 billion in withdrawals and $1.01 billion in deposits upon reopening.
2Net outflows reached $3.64 billion, representing 2.1 percent of its $171 billion in assets under management.
3Binance confirmed withdrawal volumes are declining and stabilising following the resumption of service.

Binance processed $4.649 billion in withdrawals and $1.01 billion in deposits after reopening platform transfers on 1 November 2026. The activity resulted in a net outflow of roughly $3.64 billion, which represents 2.1 percent of the exchange's $171 billion in assets under management.

Degen News reported the figures following the phased restoration of exchange services. Binance said in a statement that withdrawal volumes have declined and are stabilising as expected, following a period of heavy traffic immediately after accounts were reopened for user transfers.

The temporary pause in user withdrawals occurred after a major $6.3 billion security breach on the exchange. As part of the response to the incident, stablecoin issuer Tether froze $971 million in USDT. Earlier on 1 November 2026, Binance also cautioned customers against altered screenshots offering $150 in fake compensation for the platform outage, confirming that no automated payouts were being issued.

The loss of 2.1 percent of assets under management demonstrates the initial scale of user redemptions while showing that the exchange processed orders without halting operations again. Market participants will watch whether daily deposit volumes recover and whether overall user funds on the platform remain stable over the coming sessions.

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Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.