Binance customers pull $3.64 billion, 2.1% of the exchange’s assets, on its first day back online
The exchange says withdrawals are stabilising and that it has now covered 95% of the stolen assets, while other tallies put outflows as high as $4.5 billion.
Binance customers pulled $3.64 billion, or 2.1% of the exchange’s assets, as it went back online on Sunday1,2. Binance said withdrawals were stabilising after an initial spike and that deposit volumes had remained “substantial”2. The exchange said it had now covered 95% of the $6.3 billion of stolen assets2. It reported the outflows as it resumed normal transactions1.
Other tallies differ: one put the amount investors pulled at nearly $4 billion4, and another at $4.5 billion3. The $3.64 billion figure is the one Binance itself reported1,2.
Binance had earlier resumed bitcoin and ether withdrawals after covering the bulk of the stolen funds7. The first phase of withdrawals was set to cover 15 cryptoassets, including bitcoin8. The FBI links the hackers to North Korea2.
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Market reaction
Bitcoin has fallen nearly 4% since the attack on Thursday4. Binance founder Changpeng Zhao suggested it would have fallen more4. On Sunday he credited American law enforcement agencies with providing “vital help” in responding to the hack5. He said the FBI and other US agencies had helped prevent an even steeper drop in bitcoin6. Zhao also expressed his gratitude publicly3.
The hack took $6.3 billion from the exchange last week, and Binance resumed bitcoin and ether withdrawals only after covering the bulk of it2,7.
Among listed crypto companies, Coinbase stock fell 10% despite a third-quarter profit of $719 million9. Its regulatory filing for the quarter also contained disclosures concerning chief executive Brian Armstrong, co-founder Fred Ehrsam and president Emilie Choi9.
Why it matters to investors
The first day of normal operations showed how many customers chose to leave the world’s biggest cryptocurrency exchange after the theft1,2. On Binance’s own figures, the outflow was 2.1% of assets, and the exchange describes withdrawals as stabilising2. By its own account, it has covered 95% of the stolen assets, which leaves 5% still to be covered2. Withdrawals came back in phases, with the first covering 15 cryptoassets, before normal transactions resumed1,8.
The differing tallies matter for judging the scale of the run: the gap between $3.64 billion and $4.5 billion is close to $1 billion1,3. What to watch: whether Binance publishes further withdrawal figures, how much of the remaining stolen assets it covers, and whether deposits hold up2,7.
Sources
- Binance Reports $3.64 Billion in Outflows as It Resumes Normal Transactions, nytimes.com (2026-11-01)
- Binance sees spike in withdrawals as exchange returns online after US$6.3 billion hack, scmp.com (2026-11-01)
- Binance heist: investors pull out $4.5bn after hackers’ attack - The Times, thetimes.com (2026-11-01)
- Investors pull nearly $4bn from crypto exchange hacked by North Korea - The Telegraph, telegraph.co.uk (2026-11-01)
- CZ credits US authorities for Binance hack assistance - Breaking The News, breakingthenews.net (2026-11-01)
- Why Didn’t Bitcoin Drop More? Binance’s CZ Credits FBI - U.Today, u.today (2026-11-01)
- Binance resumes bitcoin, ether withdrawals after covering bulk of stolen US$6.3 billion, thestandard.com.hk (2026-11-01)
- Binance to resume withdrawals after covering bulk of stolen $6.3 billion | WTVB, wtvbam.com (2026-11-01)
- Coinbase stock crashes 10% despite $719M Q3 profit - Here’s why - AMBCrypto, ambcrypto.com (2026-10-31)
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