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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.

Why it matters

Loss events reprice related tokens and counterparties first. Confirm what was taken, what was recovered, and whether a chain or a custodian is in scope.

Automated desk note. Not Dextape reporting.

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Oluwapelumi Adejumo, CryptoSlate

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