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Watched Binance wallets record $2.5 billion in outflows as withdrawals reopen after hack
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Binance's tracked cryptocurrency wallets recorded $2,510 million in net outflows on Nov. 1 after the exchange resumed withdrawals following its $6.3 billion security breach.
Key facts
- According to DeFiLlama data, the outflows included approximately $1,083 million in USDT, $912 million in Bitcoin, $385 million in USDC and $131 million in wrapped Ethereum
- Binance's tracked cryptocurrency wallets recorded $2,510 million in net outflows on Nov. 1 after the exchange resumed withdrawals following its $6.3 billion security breach
- In a Nov. 1 announcement, Binance said it was gradually restoring withdrawal access across 15 blockchain networks after completing additional security reviews
- The exchange said it replenished about 95% of the affected assets through corporate resources and market purchases, up from 90% in its previous update
Summary
01 Tracked Binance wallets recorded $2,510 million in net crypto outflows on Nov. 1 as withdrawal access resumed after the $6.3 billion hack. 02 Bitcoin and USDT accounted for nearly $2 billion in tracked net outflows. 03 Binance warned of possible congestion and moved withdrawals to newly generated wallets, complicating any customer-exit estimate. According to DeFiLlama data, the outflows included approximately $1,083 million in USDT, $912 million in Bitcoin, $385 million in USDC and $131 million in wrapped Ethereum.