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Binance Reports $5.28 Billion Net Outflow Over 46-Hour Window

Withdrawals totaled $10.97 billion against $5.695 billion in deposits. Changpeng Zhao estimated that 6% to 10% of withdrawals went to rival exchanges.

Updated 1 min read
A passerby walks outside One Central at Dubai World Trade Centre in Dubai. / TokenPost.ai (mono)
A passerby walks outside One Central at Dubai World Trade Centre in Dubai. / TokenPost.ai (mono)

Over the reported 46-hour window, Binance’s withdrawals totaled $10.97 billion against $5.695 billion in deposits, for a net outflow of $5.276 billion.

The period ran from 1 a.m. EST (06:00 UTC) Nov. 1 to 11 p.m. EST Nov. 2 (04:00 UTC Nov. 3). Binance's reported withdrawals totaled $10.97 billion, against $5.695 billion in deposits, leaving the $5.276 billion net outflow.

Binance brought withdrawals back in stages Nov. 1, while deposits remained available. By 10 p.m. EST Nov. 2, deposits exceeded withdrawals in the hourly comparison, an hour before the measurement window closed.

Binance co-founder Changpeng Zhao estimated that rival centralized exchanges received 6% to 10% of withdrawals. His estimate covers those transfers and does not identify the destinations of all withdrawals.

The exchange estimated that the security incident affected digital assets worth about $6.34 billion. An earlier EconoTimes tally of the first 9.5 hours of resumed withdrawals recorded a $3.64 billion net outflow for that shorter interval.

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