Binance Customers Pull a Net $3.64 Billion After Withdrawals Reopen: What the 2.1% Figure Does and Doesn't Tell Crypto Investors

The first numbers after the record hack look calmer than many feared, but they cover only a few hours and a small part of what Binance lists.

How much money left Binance after withdrawals reopened?

Binance said it recorded about $3.64 billion in net outflows in the first nine and a half hours after reopening withdrawals on Sunday, Nov. 1. That equals 2.1% of its $171 billion in reported assets. It processed $4.65 billion in withdrawals and $1.01 billion in deposits during that window.

CNBC reported that the figures cover 6 a.m. to 3:30 p.m. UTC, and that the 2.1% is based on proof-of-reserves data as of Oct. 28. Net outflow simply means more money left than came in. Binance said withdrawal volumes had declined and were stabilizing after an initial spike, while deposits remained substantial.

The exchange paused withdrawals after attackers drained about $6.3 billion in the largest crypto theft on record, a story we covered when it hit Coinbase, Robinhood and Strategy shares. The FBI has attributed the attack to TraderTraitor, a North Korea-linked hacking group. Our earlier report covered Binance's plan for a phased restart. Sunday's data shows how that plan played out in its first hours.

What does the 2.1% figure really tell you?

It tells you the first day wasn't a full-blown run on the exchange, at least by Binance's own numbers. For scale, picture a bank with $100 million in deposits seeing $2.1 million leave in a morning. That is noticeable, but far from a collapse. Founder and former CEO Changpeng Zhao wrote on X, "98% choose to stay!" and said most of the net outflows came in the first couple of hours.