Binance processed $4.649 billion in withdrawals against $1.01 billion in deposits during the first nine and a half hours after reopening on November 1, creating a net outflow of $3.64 billion. Co-founder Changpeng Zhao noted this represented 2.1% of the exchange's $171 billion in total assets, with 98% of users choosing to keep funds on the platform.
The exchange restarted withdrawals in phases following a $6.3 billion theft last week. The initial phase covered 15 networks including Bitcoin, Ethereum, Solana and BNB Smart Chain. Binance has replaced approximately 95% of stolen assets and continues security checks on remaining networks before fully restoring all withdrawal services.
Read the full story on BSC News: Binance Records 2.1% Net Outflow After Resuming Withdrawals, Co-Founder CZ Says 98% of Users Stayed
Want the day's biggest crypto stories in one email each morning? Subscribe to The BSCN Debrief