Binance Deposits Top Withdrawals as It Restores 95% of Hacked Funds
Binance says hourly deposits now exceed withdrawals and about 95% of $6.3 billion stolen in the October 29 breach has been replenished, per bravenewcoin.com.
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what happened
According to bravenewcoin.com, Binance said on November 3 that hourly deposits had begun to exceed withdrawals for the first time in several days. The exchange links the shift to users gradually returning to normal activity after a period of heavy outflows.
From November 1 to 3, however, cumulative net outflows reached about $5.276 billion, with roughly $10.97 billion withdrawn against $5.695 billion deposited. The largest hourly outflow, about $1.243 billion, occurred at 08:00 UTC on November 1.
Meanwhile, Binance is restoring withdrawals asset by asset and network by network. It says it has replenished about 95% of the roughly $6.3 billion in tokens taken in the October 29 breach. The FBI attributed the theft to North Korean hackers in the TraderTraitor campaign, a claim Pyongyang rejected.
why it matters
Two things matter for the market: the direction of flows on a major exchange and how quickly confidence in its reserves recovers. Net outflows over three days remain large, and withdrawals for some assets are still limited, so the picture is incomplete.
market impact
Crypto and BNB: exchange outflows and the staged reopening of withdrawals weigh on liquidity and sentiment
- BNB pressure down — exchange outflows and staged reopening of withdrawals weigh on sentiment
- BTC mixed — exchange liquidity is pressured by outflows, but deposits are recovering
- ETH mixed — exchange liquidity is pressured by outflows, but deposits are recovering
tags
instruments
sources
- Binance Sees Deposits Overtake Withdrawals as It Covers 95% of Stolen Assets — bravenewcoin.com, 3 November 2026 at 16:06 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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