Secure

insurance

THORChain

USDC

Binance has recorded $5.8 billion in net outflows over the past 24 hours as customers withdraw funds following the exchange’s record $6.3 billion hack, according to data from DefiLlama.&nbsp;
Binance said it began restoring withdrawals at 6:00 UTC on Sunday. By 3:30 UTC, it had processed $4.6 billion in withdrawals against $1 billion in deposits, resulting in net outflows of $3.6 billion.
Separate data from DefiLlama showed $5.8 billion in net outflows over the preceding 24 hours, as funds continued leaving the exchange after its initial update.
Binance said withdrawals initially surged but have since slowed and are stabilizing. The exchange noted that the outflows represented a small portion of the approximately $171 billion in assets it holds. Cointelegraph reached out to Binance for comment but did not receive an immediate response.&nbsp;
The flows offered an early test of customer confidence following the $6.3 billion hack against Binance, the largest crypto theft on record.&nbsp;
Related: <a href="https://ct.com/news/binance-says-phase-one-of-withdrawals-opens-after-63b-hack" rel="noopener noreferrer nofollow">Binance says phase one of withdrawals opens after $6.3B hack</a>
Binance’s latest update at 12:36 UTC <a href="https://x.com/binance/status/2116871932075516174?s=20" rel="noopener noreferrer nofollow">shows</a> it enabled withdrawals for tokens across 15 networks, including Bitcoin, Ethereum, BNB Smart Chain and XRP Ledger, adding that it will continue to restore additional assets and networks in phases.&nbsp;
Early data shared by Binance shows that the largest share of withdrawals were in USDt (USDT), followed by USDC (USDC) and Bitcoin (BTC).&nbsp;
On Saturday, Binance said it had replaced 90% of the assets lost in the $6.3 billion hack using funds from its corporate treasury, its Secure Asset Fund for Users and its futures insurance fund.&nbsp;
Magazine: <a href="https://ct.com/magazine/36b-flees-binance-on-reopen-thorchain-co-founder-opposes-coin-freeze-hodlers-digest" rel="noopener noreferrer nofollow">$3.64B flees Binance on reopen, THORChain co-founder opposes coin freeze: Hodler’s Digest</a>

Binance net outflows surge to $5.8B as withdrawals resume after record hack

Cointelegraph

Other articles published on Nov 2, 2026

Join our free newsletter for daily crypto updates!