According to DefiLlama data, Binance recorded $5.8 billion in net outflows over the past 24 hours as customers withdrew funds after the record $6.3 billion hack. By 3:30 p.m. UTC, the exchange had processed $4.6 billion in withdrawals against $1 billion in deposits, resulting in $3.6 billion in net outflows. Binance said withdrawals surged initially but have since slowed and stabilized, and that the outflows were a small fraction of its roughly $171 billion in assets. By 12:36 UTC, withdrawals were enabled for tokens across 15 networks, including Bitcoin, Ethereum, BNB Smart Chain and XRP Ledger, with USDT, USDC and Bitcoin the most withdrawn. On Saturday, Binance said it had replaced 90% of the lost assets using its corporate treasury, Secure Asset Fund for Users and futures insurance fund.
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Related tickers and likely impact
BNB/USDT
▼ Likely negativeBNB
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Exchange tokens |
| Market cap | $92.9B |
| Close on 10/31/2026 | 703.95 |
| Change that session | -0.07% |
BTC/USDT
▼ Likely negativeBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/31/2026 | 77,582.02 |
| Change that session | +0.28% |
ETH/USDT
▼ Likely negativeEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $277.2B |
| Close on 10/31/2026 | 2,255.66 |
| Change that session | +0.45% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Binance sees $3.64 billion in net outflows as withdrawals resume after massive hack
Binance reported $3.64 billion in net outflows after reopening withdrawals on Sunday, as customers rushed to move funds following a $6.3 billion hack. Between 6 a.m. and 3:30 p.m. UTC, the exchange processed $4.65 billion in withdrawals and $1.01 billion in deposits. The net outflows equaled 2.1% of its $171 billion in total assets, based on its latest proof-of-reserves data. Most of the outflows happened in the first couple of hours, and withdrawal volumes have since stabilized, with services restored in phases across 15 networks while testing continues for the rest. The FBI attributed the hack to North Korean hackers known as TraderTraitor, and Binance said it had covered about 95% of the lost funds and would absorb the losses rather than pass them on to users.
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Kim Yo Jong, sister of North Korean leader Kim Jong Un, denied North Korea's involvement in the $6.3 billion Binance hack and called the US allegations politically motivated. She gave no evidence when suggesting the US could be behind the theft, and also rejected the FBI's blame for the $1.5 billion Bybit hack in February 2025. By contrast, TRM Labs attributed the attack to North Korea's TraderTraitor group with high confidence, while Chainalysis and ZachXBT also linked it to North Korean hackers. ZachXBT said funds stolen in the Binance and Bitget hacks were commingled at the same address after passing through THORChain, and Bitget CEO Gracy Chen said IP addresses were linked to VPN services used by a certain DPRK group.
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The Bitcoin stolen from Binance is now worth more than Tesla's entire treasury holdings. The amount also dwarfs North Korea's annual trade.
- North Korea Is Laundering Binance Hack Loot at One New Wallet Every 25 Seconds
According to Elliptic, North Korean hackers spread the $6.43 billion stolen from Binance across about 12,000 wallets on 11 blockchains in under four days, with more than 40,000 transactions. Thanks to fast freezes by Tether and Circle, about 44% of the funds, or $2.85 billion, has been frozen or seized, compared with roughly 3% after the $1.5 billion Bybit hack in February 2025, though about $786 million in stablecoins still got away. About $3.24 billion remains in linked addresses, and Elliptic expects the funds to be cashed out over months through over-the-counter brokers. The FBI has attributed the attack to TraderTraitor, a North Korean state-linked hacking group.
- Binance Hacked for $6.36 Billion. What's Next for Crypto?
Binance was hacked for about $6.36 billion, described as the largest crypto theft on record. Starting at 20:05 UTC on Thursday 29 October 2026, funds left its hot wallets across ten blockchains, most of them within about 20 minutes. The attackers prepared for at least 36 hours, withdrawing small amounts via Tornado Cash, then at 20:20 UTC pushed through 50 pre-signed withdrawal approvals, moving 167,464 ETH and 63 other assets, including 1.6 billion USDT. Binance first said a DevOps engineer's laptop was compromised, and co-CEO Richard Teng called it a “complex attack”; on Saturday 31 October, the FBI said North Korea was behind it, naming TraderTraitor, the unit it blamed for the $1.5 billion Bybit hack in February 2025. By 00:30 UTC on Friday, about $2.7 billion had been frozen.
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