UPDATE: Binance post-hack outflows revised to $2.51B as stablecoins exit
CIE News ·
Update to UPDATE: Binance records $3.64B in net outflows after reopening withdrawals
Confirmed by 2 independent news outlets.
Revised data tracks Binance net outflows at $2.51 billion following its reopening on November 1, including $1.46 billion in stablecoins routed through new wallets.
Binance recorded a revised aggregate net outflow of $2.51 billion on November 1, 2026, after reopening withdrawals following a $6.3 billion security breach. As previously reported, initial estimates had placed net outflows at $3.64 billion. Granular data reported by CryptoSlate revealed that the departures included $1.083 billion in Tether (USDT), $912 million in Bitcoin (BTC), $385 million in USD Coin (USDC), and $131 million in wrapped Ethereum (WETH).
The exchange confirmed that outbound transfers are being processed through newly generated wallets to protect customer balances after hot-wallet systems were compromised on October 29. According to CryptoSlate, the FBI attributed the breach to North Korea's TraderTraitor operation. Binance stated that it has replenished about 95% of the affected assets using corporate reserves and market purchases, adding that major balances remain fully backed.
Withdrawal access has been restored in phases across networks such as Bitcoin, Ethereum, and BNB Smart Chain. Binance co-founder Yi He noted that processing was functioning without significant disruption, though she cautioned that high request volumes could cause temporary congestion.
Key facts
- $2.51B revised net outflows
- $1.083B USDT withdrawn
- $385M USDC withdrawn
- Withdrawals through new wallets
Read the original at CryptoSlate