On November 1, Binance encountered a substantial net outflow of $3.64 billion, a development that occurred immediately after the platform reinstated withdrawal capabilities following a devastating $6.3 billion cyberattack executed by North Korean hackers.
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* On the same day, the exchange facilitated $4.65 billion in withdrawals alongside $1.01 billion in deposits, a dynamic that underscores a significant customer mobilization driven by the urgent desire to safeguard assets.
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* Recent security breaches have eroded user confidence, resulting in net outflows that accounted for 2.1% of Binance's total assets, reported at $171 billion.
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Following the unprecedented security breach, Binance has witnessed a resumption of withdrawal activi