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Binance recorded $2.51 billion in net cryptocurrency outflows from addresses tracked by DefiLlama on Nov. 1 as the exchange gradually resumed withdrawals after a hack, CryptoSlate reported. By asset, net outflows totaled $1.083 billion in USDT, $912 million in BTC, $385 million in USDC and $131 million in wrapped Ethereum.
Binance has been sequentially restoring withdrawals across 15 blockchain networks after security checks following a $6.3 billion hack. However, the exchange also introduced new wallets to process withdrawals, making it difficult to interpret the full observed net outflow as customer fund flight.