How much capital left Binance after the withdrawal freeze?
Binance experienced significant capital outflows immediately after resuming withdrawal services following a 45-hour freeze necessitated by a record $6.3 billion hack. Data regarding the exact volume of these outflows varies across reporting, with some sources documenting net outflows of $3.64 billion during the first nine and a half hours, while other reports, such as those from Reuters and tech-insider.org, place the figure between $4.7 billion and $4.72 billion. Some industry monitoring tools have noted total net outflows exceeding $7 billion. Despite the magnitude of these figures, Binance management has characterized the movement as representing approximately 2.1% to 4% of the exchange's total asset holdings.
The FBI has attributed the $6.3 billion theft to North Korean cyber actors, highlighting the severe security risks currently facing major digital asset platforms.
Why are investors moving their assets to other exchanges?
Investors have begun reallocating their capital to rival exchanges as a direct response to the historic security breach and the subsequent lack of liquidity during the 45-hour withdrawal suspension. OKX, a primary competitor, has reportedly captured a portion of this shift, recording $445 million in net inflows as users sought to mitigate risk by diversifying their holdings. This migration of assets follows a period of heightened volatility, which has pressured broader market sentiment. Bitcoin prices experienced a slight decline of 0.4%, stabilizing near $77,900, as the crypto-native community and mainstream investors alike monitor how the exchange manages its liquidity following the massive exploit.
How is the market reacting to the Binance security incident?
The broader cryptocurrency market has reacted with caution to the fallout of the $6.3 billion heist. While Bitcoin has shown resilience by holding steady near the $78,000 level, institutional investors have demonstrated apprehension, with crypto-focused ETFs losing approximately $643 million during the period of uncertainty. For the exchange, the resumption of global withdrawal services serves as a critical test for restoring trust across more than 30 African markets and other international regions where the platform maintains a significant presence. Market analysts are now closely observing whether these outflows stabilize as operations return to normal or if the incident will result in a sustained decline in the exchange’s market share.
Market Snapshot
| Asset | Price | 24h | Market Cap |
|---|---|---|---|
 Bitcoin BTC | $77,585 | -0.48% | $1559.8B |
 Ethereum ETH | $2,278 | +0.61% | $278.4B |
 BNB BNB | $702.98 | -1.57% | $92.4B |
 XRP XRP | $1.25 | -0.30% | $79.0B |
 Solana SOL | $93.74 | -1.32% | $55.3B |
 Dogecoin DOGE | $0.0750 | -1.06% | $11.7B |
 Cardano ADA | $0.190 | -1.78% | $7.1B |
Live data: CoinGecko — 2026-11-02 13:20 UTC
