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Post-Hack Withdrawals Trigger $5.3B Net Outflow From Binance, Data Shows

Summary by Coin Desk
Onchain metrics shared by Richard Teng show net outflows stabilizing by early Nov. 3 after an initial surge that drained $5.28B from the platform.

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Key points of the news: Binance recorded $5.28 billion in net outflows after resuming withdrawals, with $10.97 billion withdrawn by customers for 46 hours. Pressure reached $936 million in an hour, while deposits totalled $5.69 billion between November 1 and November 3. At 03:00 UTC on November 3, time deposits exceeded withdrawals by about $10 million, although the accumulated balance was still negative. Binance recorded $5.28 billion in net ou…

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Coin Desk broke the news in New York, United States on Tuesday, November 3, 2026.
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