Following the Binance hack, estimated at $6.3 billion, users withdrew a net 25,793 bitcoins between November 1 and 2, worth approximately $2.07 billion, exceeding the 18,270 BTC stolen by the hackers. During the same period, 273,094 ETH, $3.75 billion in USDT and $1.33 billion in USDC also left the platform. According to Changpeng Zhao, around 90% to 94% of the withdrawn funds went to self-custody wallets, while net outflows slowed rapidly from November 3. Binance says it recovered 95% of the stolen assets and has committed to publishing reserve snapshots. Despite these movements, Bitcoin fell only 3.8% between the hack and November 3.
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