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Binance Reports $2.3 Billion in Net Inflows After Hack-Linked Withdrawal Freeze

Binance reported $2.3 billion in net inflows over 24 hours, reversing more than $7 billion in outflows after the exchange restored withdrawals following a $6.3 billion hack. The company says it has replaced most affected assets and will cover losses through its resources and protection funds.

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Binance Reports $2.3 Billion in Net Inflows After Hack-Linked Withdrawal Freeze

Binance recorded $2.3 billion in net inflows over the 24 hours to Tuesday, reversing more than $7 billion in net outflows reported a day earlier as the cryptocurrency exchange continued restoring access to withdrawals after last week’s $6.3 billion hack.

Flows reverse after withdrawal restrictions

The inflow figure made Binance the leading centralized exchange tracked by DefiLlama for 24-hour net inflows. Bitfinex followed with approximately $280 million, while Bitget recorded about $127 million over the same period, according to Cointelegraph.

Binance said on X that, by 03:00 UTC on Tuesday, hourly deposits had moved above withdrawals. The exchange described the shift as evidence of improving user activity and more stable flows.

The result was a sharp change from Monday, when Binance posted more than $7 billion in net outflows. OKX led exchanges that day with roughly $445 million in net inflows, highlighting the rapid change in the distribution of funds between major crypto trading platforms.

Net inflows measure the value of assets entering an exchange after withdrawals are deducted. They can provide a snapshot of user activity and confidence, although the figure does not by itself explain why funds moved or indicate future price performance.

Binance restores access and replaces assets

Binance suspended withdrawals on Friday, following Thursday’s hack, while it investigated the breach and carried out security checks. It began restoring withdrawals at 06:00 UTC on Sunday and reopened withdrawals for some fiat currencies on Monday, as outflows began to moderate.

In a recovery update issued Sunday, Binance said it had replaced approximately 95% of the affected assets. The remaining 5% involved less liquid tokens, which required more time to obtain through market purchases and over-the-counter transactions.

The company has said it will cover the losses from its own resources and protection funds, rather than passing them on to customers. The withdrawal suspension and subsequent reopening made the flow data particularly significant because they occurred during a period when customers were regaining access to their funds.

Dispute over responsibility for the attack

The US Federal Bureau of Investigation attributed the hack to North Korea on Saturday. North Korea rejected that claim on Tuesday. Kim Yo Jong, the sister of leader Kim Jong Un, called the allegation “absurd rhetoric.”

The attribution remains contested, while Binance’s immediate focus has been on restoring services, replacing affected assets and managing customer withdrawals. The latest inflow data shows that deposits exceeded withdrawals during at least part of Tuesday, following the substantial outflows recorded on Monday.

Moneyiar market picture

Moneyiar data at 13:09 on Nov. 3, 2026, showed BNB, Binance’s associated token, at $699.2458, down 0.59% over 24 hours and 5.62% over seven days. Other tracked assets were also mostly lower:

  • MON: $0.01730, down 6% in 24 hours and 19.86% over seven days.
  • WAL: $0.02823, down 1.59% in 24 hours and 17.05% over seven days.
  • BILL: $0.01400, down 0.59% in 24 hours but up 10.04% over seven days.

These market movements are separate from the exchange-flow figures and do not establish a direct link between token prices and Binance’s reported inflows.

Source Cointelegraph Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
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