Tracked Binance wallets record $2.5 billion in outflows as withdrawals reopen after hack
Binance's tracked cryptocurrency wallets recorded $2,510 million in net outflows on Nov. 1 after the exchange resumed withdrawals following its $6.3 billion security breach. According to DeFiLlama data, the outflows included approximately $1,083 million in USDT, $912 million in Bitcoin, $385 million in USDC and $131 million in wrapped Ethereum. These outflows coincided with Binance's… Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Binance's tracked cryptocurrency wallets recorded $2,510 million in net outflows on Nov. 1 after the exchange resumed withdrawals following its $6.3 billion security breach.
According to DeFiLlama data, the outflows included approximately $1,083 million in USDT, $912 million in Bitcoin, $385 million in USDC and $131 million in wrapped Ethereum.
These outflows coincided with Binance's phased reopening of withdrawal services after the Oct. 29 attack, which the FBI attributed to North Korea's TraderTraitor hacking operation.
In a Nov. 1 announcement, Binance said it was gradually restoring withdrawal access across 15 blockchain networks after completing additional security reviews.
The exchange initially reopened withdrawals for Bitcoin, Ethereum, BNB Smart Chain, XRP and Base, then confirmed support for Dogecoin and Optimism.