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.
Summary written by Upside AI from the original article. Read the source for full details.
Keywords
cryptoBinancecybersecuritycapital flowsNorth Korea
Open a keyword to see other news on the same topic.
Related tickers and likely impact
BNB/USDT
▼ Likely negativeBNB
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Exchange tokens |
| Market cap | $92.9B |
| Close on 11/01/2026 | 712.69 |
| Change that session | +1.24% |
BTC/USDT
▼ Likely negativeBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 11/01/2026 | 78,354.00 |
| Change that session | +1.00% |
ETH/USDT
▼ Likely negativeEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $277.2B |
| Close on 11/01/2026 | 2,275.31 |
| Change that session | +0.87% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Binance net outflows surge to $5.8B as withdrawals resume after record hack
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across 15 networks, including Bitcoin, Ethereum, BNB Smart Chain and XRP Ledger, with USDT, USDC and Bitcoin the most withdrawn.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.
- Binance says phase one of withdrawals opens after $6.3B hack
Binance said it reopened the Bitcoin network in phase one of resuming withdrawals, after suspending user withdrawals following a hack of about $6.3 billion on Thursday that the FBI blamed on North Korean operatives. The exchange said it will reopen withdrawals in phases, prioritizing tokens based on user demand over the past week, with stability and security checks completed before each network reopens. Users may face congestion, longer processing times and temporary delays, so failed withdrawals should be retried after a short wait. Binance said on Saturday it had replenished 90% of the stolen assets, up from 80% a day earlier. Updates will be posted on its official X channel, and users can check the withdrawal page or the network status page.
- FBI blames North Korea for record $6.3B Binance hack
The FBI attributes the theft of about $6.3 billion in digital assets from Binance on Thursday to North Korea, which it calls “TraderTraitor.” The stolen assets have mostly been converted into Ether (ETH) and are expected to be further converted through DeFi and instant swap services. The FBI urged private-sector entities, including THORNode and RPC node operators, instant exchanges, DeFi services and blockchain analytics firms, to block transactions with addresses used to launder the funds. According to CertiK, North Korea-linked groups accounted for about 60% of the value lost to crypto hacks in 2025, and an estimated $6.75 billion was stolen between 2016 and early 2026 across 263 incidents. CertiK's analysis concludes that North Korea has turned crypto theft into a core state revenue mechanism.
- FBI confirms North Korea's role in $6 billion Binance hack, asks DeFi community to block BTC, ETH, SOL addresses
- Binance says 90% of $6.3 billion hack losses are now covered, plans to resume withdrawals Sunday
Binance said it has covered up to 90% of the roughly $6.3 billion in tokens stolen from its hot wallets in a record crypto theft, and will keep buying the rest until coverage reaches 100%. The exchange said BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are fully backed, while the outstanding 10% consists of less liquid tokens outside its top 10. Funds come from its Secure Asset Fund for Users (SAFU), part of its Futures insurance fund and corporate treasury, and its next milestone is resuming withdrawals by Sunday, subject to security checks. The attack's method remains unclear: Binance first pointed to a compromised DevOps engineer's laptop, but co-CEO Richard Teng later said it involved a more complex process. TRM Labs pointed to North Korean hackers, citing similarities with the Bybit and KelpDAO hacks in April 2026.
- Binance Hack: Everything You Need to Know About the Biggest Crypto Heist in History
Attackers drained about $6.4 billion from Binance on Thursday, according to Chainalysis and TRM Labs, more than four times the previous record, the $1.5 billion Bybit heist in February 2025. Funds were pulled from Binance hot wallets across roughly 10 blockchains, mostly within about 20 minutes; Binance says the attack targeted its own infrastructure rather than the blockchains, and it has found no evidence that private keys were leaked. TRM Labs and Chainalysis both attribute the attack to TraderTraitor, a North Korean state-linked group. Binance says it will cover all losses with company funds and its Secure Asset Fund for Users, having set aside more than $6.34 billion, and has paused withdrawals to rebuild and retest its systems, aiming to restore them by Sunday. Tether and Circle have frozen roughly $3 billion in related assets, while Elliptic estimates the attacker still controls around $3.3 billion.
Related markets
Latest news
- Many companies run out of cash
Several companies are reporting weaker business results. LDG Investment JSC (LDG) posted a Q3 after-tax loss of over 28 billion VND, accumulated losses above 1,368 billion VND, and only 390 million VND in cash as of September 30. Dat Xanh Group (DXG) saw Q3 net revenue fall 36% to nearly 683 billion VND and net profit drop 84% to just over 15 billion VND, which the company attributed to high mortgage rates making customers more cautious. Hoa Binh Construction Group (HBC) reported Q3 after-tax profit of just over 12 billion VND, down 93%, with accumulated losses of 2,011 billion VND, and has completed 25% of its annual plan. Son La Sugar JSC (SLS) set November 3 as the record date for a 100% cash dividend of 10,000 VND per share, about 98 billion VND in total, lower than the 150% paid for the 2024-2025 fiscal year due to weaker business results.
- German paper: EU's biggest historical mistake is turning its back on Russia
German newspaper Berliner Zeitung argues that Kaja Kallas's appointment as EU foreign policy chief has become the biggest mistake in the bloc's history. The paper criticizes the EU for staying out of contacts with Russia, while the leaders of Finland and Norway engaged directly with President Vladimir Putin on ending the Ukraine conflict. According to the report, Kallas is not seen as a significant figure in negotiations and is not expected to join the planned three-way talks between Russia, the US and Ukraine in Abu Dhabi. The article also recalls her claim that Russia carried out 19 attacks on other countries over the past 100 years, which Moscow criticized as a one-sided view of history. It adds that her relations with European Commission President Ursula von der Leyen have visibly deteriorated.
- How much is Bảo Tín Minh Châu 9999 gold per tael today, November 2, 2026?
At 7 a.m. on November 2, 2026, the VRTL Bảo Tín Minh Châu 999.9 gold bar was quoted at 13.38–13.78 million VND per tael (buy–sell), while Vàng Rồng Thăng Long 99.9 jewelry traded at 13.16–13.66 million VND per tael. The article explains that 9999 gold is 99.99% pure, also known as 24K gold, but its softness makes it prone to scratches and dents from heavy impacts. It notes that prices may change during the day.
- U.S. stock futures edge high after bruising Oct; earnings, elections in focus
U.S. stock index futures rose on Sunday evening, pointing to a possible recovery on Wall Street after October's sharp tech-led losses driven by doubts over AI spending. S&P 500 futures gained 0.2% to 7,630.75 points, and Nasdaq 100 futures rose 0.36% to 28,644.0 points. In October, the Nasdaq Composite fell more than 5% and the S&P 500 lost 0.9%, while the Dow Jones Industrial Average gained 1.7% as money moved out of tech into more defensive sectors. This week's focus is on earnings from Apple, Palantir, and Berkshire Hathaway on Monday and AMD on Tuesday, along with the midterm elections on Tuesday, when all 435 House seats and 35 Senate seats are up for vote. The article argues that a Democratic majority in both chambers of Congress would be a major hurdle for Trump's legislative agenda, especially as his approval fell to a record-low 31% in a Reuters/Ipsos poll.
- KIS Securities refunds 100% of stock trading fees on iKIS on November 2
KIS Securities is running its Happy Monday program on November 2, 2026, refunding 100% of stock trading fees to individual customers who trade on the iKIS app, up to VND 1,000,000 per day per customer. The refund excludes Stock Exchange fees. Customers do not need to register; they only need to log in to iKIS and make eligible stock trades, and the eligible fees are credited directly to their securities accounts within up to 7 working days. In Q4 2026, the program runs on the first Monday of each month, with sessions on October 5 and November 2, and the next one planned for December 7, 2026.
- DatVietVAC plans to pay nearly 279 billion VND in dividends right after listing
DatVietVAC (DVV) plans to pay a cash dividend of 2,500 VND per share (25% of par value), with the record date in mid-November 2026 and payment in December, for a total of about 278.5 billion VND across 111.418 million post-IPO shares. Based on the IPO price of 54,800 VND per share, the payout implies a reference cash dividend yield of about 4.56%. As of September 30, 2026, the company held 1,832 billion VND in cash and short-term financial investments, against total borrowings of 465 billion VND. For the first nine months, consolidated net revenue reached 2,116 billion VND and after-tax profit reached 246 billion VND, up nearly 6% year on year, equal to about 59% of the 2026 after-tax profit target of 420 billion VND. The stock begins trading on HOSE on November 2.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.