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EVENT / TOPICWatching

Binance Resumes Withdrawals Amid $3.6 Billion Net Outflow

4 reports4 sources11/2/2026 updated

Current overview (not historical)

AI overview

Binance resumed withdrawals after a record hack, prompting a net outflow of approximately $3.6 billion. Initial data showed $2.5 billion in outflows on the first day, with Bitcoin and USDT accounting for nearly $2 billion. While Binance founder Changpeng Zhao stated that only 2.1% of users withdrew within the first 12 hours and 98% remained, the platform processed around $4.65 billion in withdrawals and $1 billion in deposits. The net outflow is estimated to be between $364 million and $3.6 billion. THORChain's founder rejected a freeze request, and Zhao thanked the Secret Service in relation to the hack.

Written with AI from the reporting · updated 11/2/2026

Related events

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Expand the detailed fact route and sources

Story route

A station-by-station route from the first public evidence onward; every station carries its own evidence and uncertainty.

  1. 1Unclassified fact stationNov 2, 00:52single sourcereport-time only

    Binance 因重新开放提现后出现 3.64 亿美元净流出

    Read original source ↗ The BlockReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Occurred (fact side):
    not recorded
    The Block ↗Report pageOriginal / first version
    Published (valid side):
    Nov 2, 00:32
    First seen (known side):
    Nov 2, 00:52
    Fact stationSingle source · one-sided claimReport-time only

    Copy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.

  2. 2Unclassified fact stationNov 1, 00:00recorded Nov 2, 05:28single sourcerevised

    Binance 恢复提现后记录 25.1 亿美元净流出

    Read original source ↗ CryptoSlateReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Subject:
    binance
    Action:
    恢复提现并记录净流出
    Object:
    加密资产用户
    Occurred (fact side):
    Nov 1, 00:00
    CryptoSlate ↗Report pageRevision 2 · currently revised
    Published (valid side):
    Nov 2, 05:00
    First seen (known side):
    Nov 2, 05:28
    Fact stationSingle source · one-sided claimRevised

    Copy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.

  3. 3Unclassified fact stationNov 2, 00:00recorded Nov 2, 07:25single sourcerevised

    Binance reopens withdrawals after $6.3B hack

    Read original source ↗ CointelegraphReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Subject:
    binance
    Action:
    reopens withdrawals
    Object:
    user funds across 15 blockchain networks
    Occurred (fact side):
    Nov 2, 00:00
    Cointelegraph ↗Report pageRevision 5 · currently revised
    Published (valid side):
    Nov 2, 07:09
    First seen (known side):
    Nov 2, 07:25
    Fact stationSingle source · one-sided claimRevised

    Copy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.

  4. 4Unclassified fact stationNov 2, 00:00recorded Nov 2, 09:03single sourcerevised

    Binance users withdraw $3.6bn after record crypto hack

    Read original source ↗ BBC BusinessReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Subject:
    Binance
    Action:
    users withdrew assets
    Object:
    $3.6bn worth of assets
    Occurred (fact side):
    Nov 2, 00:00
    BBC Business ↗Report pageRevision 3 · currently revised
    Published (valid side):
    Nov 2, 08:43
    First seen (known side):
    Nov 2, 09:03
    Fact stationSingle source · one-sided claimRevised

    Copy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.

Uncertainty marks flag where to check the sources; they are not proven causation.

Report timeline

Explore every side through dated source reports.

Nov 2
  1. BBC BusinessRelated fact: single sourceSource report revised
    Binance users withdraw $3.6bn after largest-ever crypto hack

    Report first recorded Nov 2, 09:03

    Read original source ↗
  2. CointelegraphSelectedRelated fact: single sourceSource report revised
    Binance reopens withdrawals after $6.3B hack, THORChain founder rejects freeze request

    Report first recorded Nov 2, 07:25

    Binance reopened withdrawals for 15 blockchain networks on Tuesday following a $6.3 billion hack linked to North Korean hackers, processing $4.65 billion in withdrawals and receiving $1 billion in deposits. The exchange reported a 2.1% net outflow in the first 12 hours, with 98% of users choosing to stay. About 95% of the stolen funds have been replenished using corporate reserves and insurance. Separately, THORChain founder Chad Barraford rejected a request to freeze addresses, stating the protocol paused operations for unrelated reasons after the hack.

    Read original source ↗
  3. CryptoSlateRelated fact: single sourceSource report revised
    Binance wallets record $2.51 billion in net outflows as withdrawals resume after hack

    Report first recorded Nov 2, 05:28

    Tracked Binance wallets recorded $2.51 billion in net crypto outflows on Nov. 1 after the exchange resumed withdrawals following a $6.3 billion hack. Bitcoin and USDT accounted for nearly $2 billion of the outflows, with $1.08 billion in USDT and $912 million in Bitcoin. Binance moved withdrawals to newly generated wallets after the Oct. 29 attack attributed to North Korea's TraderTraitor operation, complicating estimates of customer exits.

    Read original source ↗
  4. The BlockRelated fact: single sourceFact occurrence time unverified
    Binance reports $3.64 billion in net outflows after reopening withdrawals

    Report first recorded Nov 2, 00:52

    Binance reported net outflows of $3.64 billion, equal to 2.1% of its $171 billion in assets, following the reopening of withdrawals. Withdrawal volumes initially spiked but have since declined.

    Read original source ↗

Event activity trend

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3
Comparable peak
36Nov 2, 09:00
24h change
-86%

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