Binance customers withdrew a net $4.72 billion after the exchange reopened withdrawals following the October 30 security breach, according to figures a Binance spokesperson provided to Reuters on November 2. The updated total extends an earlier reporting period in which Binance said net outflows had reached approximately $3.64 billion.
The latest figure is significant because it measures customer fund movements after withdrawals resumed, rather than the value of assets stolen during the incident. It also arrives as the exchange continues restoring access across supported blockchain networks.
New Binance Withdrawal Figure Extends Earlier Data
In its November 1 operational disclosure, Binance reported $4.649 billion in gross withdrawals and $1.01 billion in deposits between 06:00 and 15:30 UTC. The difference was approximately $3.64 billion in net withdrawals during those nine and a half hours.
On November 2, Reuters reported a newer $4.72 billion net outflow figure supplied directly by a Binance spokesperson after withdrawal services had reopened. The spokesperson also reported approximately $2.7 billion in customer inflows. These newer numbers describe a longer window and should not be subtracted from the earlier figures as if the two snapshots covered identical periods.
Binance characterized the withdrawals as roughly 2.8% of platform assets and said the initial rush had eased. The comparison is based on figures provided by the company, not an independently completed financial audit.
Gross Withdrawals and Net Outflows Are Different
Gross withdrawals count funds leaving an exchange during a particular period, while net outflows offset withdrawals against deposits over that same period. Both figures are informative, but neither alone establishes that customers are abandoning the platform or that the exchange has become insolvent.
Some customers may move funds to personal wallets after a security incident, while others may transfer assets for trading, custody or ordinary treasury needs. Deposits arriving during the same period can partly offset those movements. Interpreting exchange flows also requires care when internal wallet transfers and network movements are classified differently by data providers.
Binance said the withdrawal spike was moderating. Whether that stabilization persists will be clearer from later, consistently defined flow disclosures than from one early post-reopening snapshot.
Exchange Recovery Continues After Security Breach
Binance restored withdrawals in stages beginning November 1. Its first phase covered 15 networks and assets, while additional networks still required testing. BlockBriefing previously covered the restart of Bitcoin withdrawals and the exchange’s broader recovery process.
The exchange also published a zero-knowledge reserve verification update for ten assets. Those checks apply to specific balances and a defined snapshot; they are separate from customer withdrawal statistics and should not be confused with a comprehensive assessment of the security incident.
Binance has pledged to cover affected customer losses from corporate and reserve resources. That commitment is a company statement, and the final effects of the attack depend on outstanding recovery work, asset restrictions and independently verifiable findings.
What the New Data Means for Customers
The $4.72 billion figure provides a more recent measure of customer activity as Binance seeks to restore confidence. It does not reveal how individual users have allocated their assets or establish that all withdrawals are again available across every supported chain.
Customers should check the exchange’s current asset and network status before initiating a transfer and consult subsequent official disclosures for updated figures. For readers tracking the aftermath, the most useful next evidence will be comparable flow data, progress on service restoration and a detailed account of the incident’s impact.
