Binance reopened withdrawals on Sunday, November 1, following the October 29 hack that resulted in $6.3 billion being stolen. According to Binance, $4.6 billion was withdrawn and $1 billion deposited within nine and a half hours of the reopening, producing net outflows of $3.64 billion. DefiLlama subsequently recorded up to $5.8 billion in net withdrawals over 24 hours, with no reports of widespread errors or blocked withdrawal queues. The platform says it covered 95% of the stolen assets using its treasury and emergency funds, but $3.25 billion remains unrecovered. Bitcoin traded around $78,400, while U.S. spot Bitcoin ETFs recorded $643 million in outflows following the hack.
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