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Binance sees $6 billion in outflows as withdrawals reopen after $6.3B theft
TradingGain Newsroom··02 Nov 2026, 08:49 UTCBinance restarted withdrawals after a 45-hour freeze that followed a $6.3 billion theft, and about $6 billion left the exchange. That outflow is less than 4% of its total holdings, while rival exchanges picked up deposits as customers regained access to their funds. For traders, the episode shows how quickly money can shift between platforms after a security incident.
Why it matters
- Withdrawals resumed after a 45-hour freeze that followed a $6.3 billion theft.
- Around $6 billion in outflows is less than 4% of Binance's total holdings.
- Rival exchanges are gaining deposits as customers regain access to their funds.
What to watch next
Watch whether Binance's outflows slow down and whether rival exchanges keep attracting new deposits.
This brief is written by TradingGain from public reporting by CoinDesk.Read original ↗