binanceprocesses$4.65bwithdrawals

Binance processed $4.649 billion in withdrawals and $1.01 billion in deposits in the first nine and a half hours after reopening withdrawals on Sunday, November 1, a net outflow of about $3.64 billion, the exchange said. That equals 2.1% of its $171 billion in total assets under management, based on its latest Proof of Reserves data from October 28. Binance said withdrawal volumes have declined and are stabilising after an initial spike, while deposits have remained substantial.All First-Phase Networks Live Within Seven HoursBinance began restoring withdrawals in phases at 06:00 UTC on November 1. By 12:36 UTC, withdrawals had resumed for all 15 networks and assets in the first phase, including BTC, ETH, USDT, USDC, BNB, SOL and XRP. The exchange is now testing the remaining networks and assets and will share details of the next phase as soon as possible.Withdrawals Stabilise as Deposits Hold UpThe flow figures cover 06:00 to 15:30 UTC. After the early surge as users regained access to their funds, withdrawal volumes fell back and began to stabilise, Binance said. Deposits totalled $1.01 billion over the same period. “Rest assured that market conditions are stable,” the exchange said.Updated Proof of Reserves Report Due MondayBinance took a new Proof of Reserves snapshot at 00:00 UTC on October 31 and has begun computing the zero-knowledge proof. The updated report is expected on its Proof of Reserves website on Monday, November 2, giving users a fresh view of the exchange’s reserves and how user balances are backed.

#BinanceProcesses$4.65BWithdrawals
Binance faced a significant withdrawal surge on November 1 after gradually restoring withdrawal services across 15 blockchain networks following its recent $6.3 billion security incident.
According to DeFiLlama data cited by Reuters, Binance recorded more than $3.5 billion in net outflows on Sunday.
Here are the important developments:
- Withdrawals resumed through a phased rollout.
- Bitcoin, Ethereum, BNB, XRP, DOGE and other assets were included.
- Binance reports that approximately 95% of affected assets have been replenished.
- The exchange says withdrawal volumes initially surged but are now stabilizing.
- Binance has reaffirmed that users will not bear the financial losses.
My take: The withdrawal surge shows that users want access to their funds after a major security incident. The bigger question now is whether Binance can restore confidence through transparency, security improvements and reliable services.
Is this a temporary precaution by users or a sign of declining trust in centralized exchanges?
#Binance #bitcoin #CryptoSecurity #CryptoNews

#binanceprocesses$4.65bwithdrawals
Let's break down this massive network stress test using pure math 🧮👇
​($4.65B Withdrawals) - ($1.01B Deposits) = 100% Backed Liquidity 🛡️
​The Asset Input:
​(The Catalyst) = Following last week's $6.3 billion security breach, Binance officially reopened the gates on Sunday. In just the first 9.5 hours, the exchange successfully processed a staggering $4.65 billion in user withdrawals.
​The Key Deliverable:
​(The Stability) ➔ While a $3.64 billion net outflow sounds massive, this actually represents a mere 2.1% of Binance's $171 billion in total assets. Following the initial rush, withdrawal volumes have already started to decline.
​The Breakdown:
​This is what true 1:1 asset backing looks like. Processing billions in under 10 hours without a liquidity crisis proves the exchange's core reserves are solid and fully operational.
​Are you moving funds to cold storage or holding strong on the exchange? ❓👇💬
$SNDK
$SPCX
$SKHYNIX
#BinanceProcesses$4.65BWithdrawals #SNDK #SPCX #SKHYNIX

Institutional Bitcoin demand is showing mixed signals as October closes with heavy ETF withdrawals. Here's what investors need to watch. 👇
📉 ETF OUTLFOWS RAISE CONCERNS
U.S. spot Bitcoin ETFs recorded approximately $643.2 million in outflows on October 30, pushing October's total net flows to around -$516 million.
Yet BlackRock's IBIT recorded approximately $932 million in net inflows throughout October.
🏦 BITCOIN BELOW ETF INVESTORS' COST BASIS
According to Bitfinex, BTC is trading around 7.5% below the average cost basis of Bitcoin ETF investors.
This puts institutional positioning under pressure and makes a potential recovery particularly important to watch.
🐋 STRATEGY'S BITCOIN POSITION
Strategy held approximately 848,517 BTC as of October 25.
Michael Saylor's latest Sunday orange-chart post has sparked speculation about another Monday Bitcoin purchase.
Important: No new purchase is confirmed until Strategy makes an official announcement.
📊 WHAT DOES THIS MEAN FOR BITCOIN?
Three signals deserve attention:
• ETF outflows indicate weakening short-term institutional demand.
• IBIT's monthly inflows show that institutional interest hasn't disappeared.
• Strategy's large Bitcoin holdings reinforce the importance of corporate accumulation.
THE BIGGER PICTURE: Bitcoin's next move may depend on whether institutional demand returns or selling pressure continues.
Don't confuse speculation with confirmation. Follow the data, manage risk and stay focused on the bigger market picture.
DYOR
Trade➡️$INIT
➡️$SOLV
$BIO
#BinanceProcesses$4.65BWithdrawals #USSpotETHETFsPost23StraightDaysOfNetOutflows #BinanceToResumePhaseOneOfWithdrawals #FBIConfirmsNorthKoreaIsResponsibleForBinanceCryptoHack

The cryptocurrency industry is facing one of the biggest security crises in its history.
On October 29, 2026, Binance, the world's largest cryptocurrency exchange, experienced a major security incident involving unauthorized withdrawals from its hot wallets. The estimated financial impact is approximately $6.3 billion, making it one of the largest cryptocurrency thefts ever reported.
The incident has raised serious questions about exchange security, the safety of funds held on centralized platforms, and the future of trust in the crypto industry.
But what exactly happened? How did the attackers gain access? Are customer funds safe? And what should Binance users do now?
Let's break it all down.
1. WHAT HAPPENED TO BINANCE?
On October 29, Binance identified suspicious activity involving its hot wallets.
According to Binance's official security update, unauthorized withdrawals resulted in approximately $6.3 billion worth of cryptocurrency being taken.
The exchange responded by taking emergency security measures, including temporarily suspending withdrawals while its teams investigated the incident and secured affected infrastructure.
Binance stated that it would absorb the financial impact of the incident rather than pass the losses on to its customers.
HOW DID THE HACKERS GET ACCESS?
Binance's preliminary investigation suggested that a DevOps engineer's laptop may have been compromised.
This potentially allowed attackers to access internal service containers and submit unauthorized withdrawal transactions.
However, the investigation also uncovered additional points of breach.
An important detail: Binance said it had found no evidence that wallet private keys were leaked.
The full technical attack path has not yet been publicly established. Binance has promised a detailed technical post-mortem after its investigation is complete.
HOW MUCH MONEY WAS STOLEN?
The estimated financial impact is approximately $6.3 billion.
Binance has also reported significant recovery and protection efforts:
Approximately $3 billion in affected assets has been frozen on-chain through cooperation with industry partners.
Binance says it has set aside more than $6.34 billion in company funds to cover the impact.
Around $5 billion of that amount is held in the same types of assets that were affected.
The company says it has covered approximately 80% of the impacted amount and is working to acquire the remaining assets.
These figures represent Binance's reported response and recovery efforts. Frozen assets are not necessarily the same as recovered funds.
WILL BINANCE USERS LOSE THEIR MONEY?
This is the biggest question for millions of Binance users.
Binance's co-CEOs stated that the company would cover the losses using its Secure Asset Fund for Users (SAFU) and corporate funds.
The exchange has repeatedly said that customer funds are safe.
However, users should distinguish between Binance's commitment to cover the incident and the completion of all security checks, recovery efforts and account-level verification.
The situation should continue to be monitored through official Binance announcements.
$BNB $BTC $ZEC
#BinanceProcesses$4.65BWithdrawals #WithdrawalsBack: 15 networks live #BinanceToResumePhaseOneOfWithdrawals #BinanceUpdatesProofofReservesAddresses #FBIConfirmsNorthKoreaIsResponsibleForBinanceCryptoHack

The official account of the Binance platform issued a comprehensive, numbers-based update#BinanceProcesses$4.65BWithdrawals hours after financial operations resumed, confirming market stability and the success of the gradual recovery plan: [1]
📈 1. Completion of the first phase of operations and stabilization of withdrawals
The platform announced a numerical report on the results of reopening its financial channels following the full containment of the breach’s fallout:[1]