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Binance sees $2.51B leave tracked wallets as withdrawals restart after breach

TradingGain Newsroom·9h ago·01 Nov 2026, 21:00 UTC

On Nov. 1, tracked Binance wallets showed about $2.51 billion in net outflows, right after the exchange resumed withdrawals following a $6.3 billion security breach. USDT and Bitcoin made up the largest parts of the outflows, according to DeFiLlama data. Large exchange outflows can point to users moving funds off the platform, which traders may want to track.

BTCAt the time of writing, Bitcoin traded at $77,871 (+0.57% in 24h).Live price →

Why it matters

Net outflows from tracked Binance wallets reached $2,510 million on Nov. 1.
USDT ($1,083 million) and Bitcoin ($912 million) were the largest outflow amounts.
Withdrawals reopened after a $6.3 billion security breach, so the flows may reflect users reacting to that.

What to watch next

Watch whether outflows from Binance continue now that withdrawals are open, and how Bitcoin and stablecoin flows on the exchange develop.

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This brief is written by TradingGain from public reporting by CryptoSlate.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.