Binance users withdrew $5.8 billion in net outflows over the past 24 hours as the exchange resumed withdrawals following its record $6.3 billion hack, according to data from DefiLlama and Binance’s own reports on November 1, 2026.
Binance users withdraw $5.8 billion after record $6.3 billion crypto hack
3 billion crypto hack forced a temporary suspension of services. 8 billion in net outflows over the past 24 hours as users withdrew funds, with withdrawals initially surging before stabilizing.
Key numbers
| Stat | Figure | Date | Source |
|---|---|---|---|
| Net outflows over 24 hours | $5.8 billion | November 1, 2026 | Cointelegraph |
| Estimated hack loss | $6.3 billion | October 29, 2026 | Cointelegraph |
| Assets replenished by Binance | $6.34 billion | October 31, 2026 | LiveMint |
| Customer assets held by Binance | $171 billion | November 1, 2026 | Cointelegraph |
What happened?
Binance resumed withdrawals on November 1, 2026, after a record $6.3 billion crypto hack forced a temporary suspension of services. The exchange reported $5.8 billion in net outflows over the past 24 hours as users withdrew funds, with withdrawals initially surging before stabilizing. Binance attributed the hack to a compromised DevOps engineer’s laptop, which allegedly allowed unauthorized access to withdrawal infrastructure.
Who is affected?
Binance customers holding assets on the exchange are directly affected, particularly those who withdrew funds following the hack. The outflows represent a small fraction of Binance’s total customer assets, which stand at approximately $171 billion. Stablecoin issuers like Tether and Circle have also restricted access to certain funds linked to the hack, though these actions are separate from Binance’s replenishment efforts.
What are the key numbers?
Binance’s net outflows reached $5.8 billion over the past 24 hours, while the estimated hack loss is $6.3 billion. The exchange has replenished $6.34 billion in assets using its Secure Asset Fund for Users, corporate treasury, and futures insurance fund. Customer assets held by Binance total $171 billion, with the outflows representing less than 4% of that amount.
What to do next?
Binance customers can check the withdrawal status for their specific assets on the exchange’s platform, as withdrawals are being restored in phases. Deposits remain operational, and Binance has committed to covering the remaining 5% of the stolen assets not yet replenished. Users are advised to monitor Binance’s official communications for updates on asset availability and security checks.
What we know and don’t know
We know Binance has replenished approximately 95% of the stolen assets and resumed withdrawals for major cryptocurrencies and stablecoins. However, we do not yet know the full extent of the recovery efforts for less-liquid tokens or the final outcome of the investigation into the breach. The FBI has attributed the hack to North Korea’s TraderTraitor group, but the full details of the attack and its long-term impact on Binance’s security remain under investigation.
Timeline
- October 29, 2026: Binance reports a $6.3 billion hack, leading to the suspension of withdrawals across multiple blockchains.
- October 30, 2026: Binance announces it has replaced 90% of the stolen assets using its internal funds and commits to covering the remaining losses.
- October 31, 2026: The FBI formally attributes the hack to North Korea’s TraderTraitor group. Binance increases the replenishment rate to 95%.
- November 1, 2026: Binance resumes withdrawals for Bitcoin, Ethereum, and other major assets, reporting $5.8 billion in net outflows over the past 24 hours.
Why it matters
This hack underscores the ongoing risks of large-scale cyberattacks on major cryptocurrency exchanges, which can erode user trust and trigger market volatility. Binance’s decision to absorb the financial burden rather than pass losses onto customers sets a precedent for how exchanges handle such incidents. The resumption of withdrawals, while a positive step, must be accompanied by transparency and robust security measures to restore confidence in the platform.
Frequently asked questions
How much did Binance lose in the hack?
The hack resulted in an estimated loss of $6.3 billion, according to Binance’s reports and blockchain intelligence firm TRM Labs. Binance has since replenished approximately 95% of that amount using its internal funds.
Which assets are available for withdrawal now?
Binance has resumed withdrawals for Bitcoin (BTC), Ethereum (ETH), USDT, BNB, Solana (SOL), USDC, XRP, and other major assets across 15 blockchain networks. Availability varies by network, and users should check Binance’s withdrawal interface for updates.
Will customers lose money from the hack?
Binance has stated it will absorb the financial losses and will not pass them onto customers. The exchange has already replenished 95% of the stolen assets and is working to cover the remaining 5%.
How did the hack happen?
The preliminary investigation points to a compromised DevOps engineer’s laptop, which allegedly allowed attackers to access infrastructure used for withdrawal transactions. The FBI has linked the attack to North Korea’s TraderTraitor hacking group.
When will all withdrawals be fully restored?
Binance is restoring withdrawals in phases, prioritizing high-demand networks and assets. The full restoration timeline depends on security checks and the replenishment of less-liquid tokens, which may take additional time.
How can I verify my assets are safe?
Binance has published a proof-of-reserves snapshot for major assets like BTC, ETH, USDT, and USDC, confirming they are fully backed. Users can verify their balances for these tokens using the snapshot data provided by Binance.
See what America is searching today →
Sources
- Binance net outflows surge to $5.8B as withdrawals resume after record hack — cointelegraph.com, 2026-11-01
- Binance to resume crypto withdrawals after $6.3B hack — seekingalpha.com, 2026-11-01
- Binance resumes withdrawals after record $6.3 billion crypto hack — news.az, 2026-11-01
- Binance replaces 90% of stolen crypto after record $6.3 billion hack, pledges to cover remaining losses — livemint.com, 2026-10-31
- Binance Resumes Bitcoin and Ether Withdrawals After $6.3 Billion Crypto Hack — financefeeds.com, 2026-11-01