Binance records $3.64 bn outflow as users withdraw after $6.3 bn hack

Binance saw $3.64 billion leave the platform on Nov 1 after it reopened withdrawals following a $6.3 billion hack, CNBC reported.

How much did Binance lose after the hack?

The exchange posted a net outflow of $3.64 billion, which equals roughly 2.1% of its $171 billion total assets according to its latest proof‑of‑reserves data as of Oct. 28 (CNBC).

What were the withdrawal and deposit volumes on the day withdrawals resumed?

Between 6 a.m. and 3:30 p.m. UTC on Nov 1, Binance processed $4.65 billion in withdrawals and $1.01 billion in deposits, the company said in a post on X (CNBC).

What actions did Binance and its founder take after the breach?

The platform began restoring withdrawals at 6 a.m. UTC, expanding service to all 15 networks and assets by 12:36 p.m. UTC while testing continued on remaining pairs (CNBC). Founder and former CEO Changpeng Zhao posted on X that “98% choose to stay,” noting most outflows occurred in the first hours and emphasizing that trust is earned in hard times. Binance also said it had absorbed around 95% of the $6.3 billion loss, up from 90% in an earlier update, with the remaining 5% tied to less‑liquid tokens (CNBC).