Binance flips to $2.3 billion in daily net inflows as withdrawals expand after $6.3 billion hack
Binance sees deposits overtake withdrawals again
Binance recorded $2.3 billion in net inflows over the past 24 hours as it expanded withdrawals after last week's $6.3 billion hack. Net inflows mean more crypto moved onto the exchange (an exchange is a service where people trade crypto) than off it during that day.
According to DefiLlama, a site that tracks exchange flows, Binance led all centralized exchanges in 24-hour net inflows. The total reverses Monday, when Binance recorded more than $7 billion in net outflows over 24 hours.
Key numbers
- Binance: $2.3 billion in net inflows over the past 24 hours, reported November 3, 2026.
- Bitfinex: about $280 million in net inflows over the same period.
- Bitget: about $127 million in net inflows over the same period.
- Monday's reversal point: more than $7 billion in 24-hour net outflows from Binance, while OKX led exchanges that day with about $445 million in net inflows.
What Binance said about the flows
Binance said Tuesday on X: "By 03:00 UTC, we are seeing hourly deposits exceed withdrawals, reflecting improving user activity and stabilizing flows."
Withdrawals resumed in phases
Binance suspended withdrawals on Friday after Thursday's $6.3 billion hack while it investigated the breach and ran security checks. It began restoring withdrawals at 06:00 UTC on Sunday and reopened withdrawals for some fiat currencies (government-issued money like dollars) on Monday, as outflows started to slow.
Most affected assets already replaced
In a Sunday recovery update, Binance said it had replaced approximately 95% of the affected assets. The remaining 5% were less liquid tokens, meaning tokens that are harder to buy in size, so they took longer to acquire through market and over-the-counter purchases. The exchange has pledged to cover the losses using company resources and protection funds without passing them on to customers.
Who is blamed, and the denial
The US Federal Bureau of Investigation attributed the attack to North Korea on Saturday. On Tuesday, North Korea denied responsibility. Kim Yo Jong, the sister of leader Kim Jong Un, dismissed the allegation as "absurd rhetoric."
Sources
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