Binance Withdrawals Top FTX Levels in November, but Crypto Liquidity Defies Panic

Dextape brief

By Dextape Desk · November 2, 2026

Binance saw large withdrawals after reopening on November 1, following a hack the article values at $6.3 billion. In roughly the first nine and a half hours, users took out $4.65 billion and deposited $1.01 billion, a net outflow of $3.64 billion. That amounts to about 2.1 percent of the $171 billion in total assets in the October 28 reserve report. Binance reportedly said 95 percent of the stolen assets had been replaced, and that withdrawals were beginning to level off while deposits stayed substantial. Binance had already set aside over $6.34 billion and partners froze around $3 billion tied to the attack. Unlike FTX, which halted customer withdrawals in November 2022, Binance reportedly will absorb the stolen funds rather than push losses onto users.

Why it matters: How Binance keeps withdrawals moving after a large hack helps readers gauge whether an exchange failure stays contained or spreads across crypto markets.

Mentioned: Binance

Summary by Dextape, based on reporting by Cryptonews. Written with AI from the publisher’s text and checked automatically for copied wording and unsupported figures. Not investment advice.