šø Binanceās first day of resumed withdrawals: $3.64 billion in net outflows in one dayāare users voting with their feet?
Binance disclosed that after withdrawals resumed from 06:00 to 15:30 (UTC) on November 1, it processed $4.649 billion in withdrawals and $1.01 billion in deposits, for net outflows of about $3.64 billionāequivalent to 2.1% of its $171 billion in total assets (based on its October 28 proof of reserves).
š What we know so far
ā¢ Withdrawals resumed in phases starting at 06:00 UTC on November 1; by 12:36 UTC, all 15 networks and assets in the first phase were back online
ā¢ Binance says withdrawal volumes have eased and stabilized after an initial peak, while deposit volumes remain āconsiderableā
ā¢ Binance says it has recovered about 95% of the stolen assets (the incident involved about $6.3 billion)
ā¢ Note on methodology: DefiLlama shows higher net outflows (about $5.81 billion). Binance says its figures exclude funds transferred to its own new hot wallets, so the two figures are not directly comparable
š Market impact
Net outflows of 2.1% suggest that panic withdrawals did not spiral out of control, but also show that rebuilding trust will take time. What to watch next: the full proof of reserves (expected November 3), progress in restoring the remaining networks, and whether net outflows continue to narrow. BNB is currently around $708, up about 0.3% in 24 hours; recent support levels are $698ā$704 (the recent low range over the past few days) and $680 (a low near October 31); resistance levels are $717.75 and $762 (a recent high).
Would you keep your assets on an exchange or move them back to self-custody? Join the discussion in the comments š
š Trade BNB: https://www.binance.com/zh-CN/trade/BNB_USDT
#BinanceProcessed$4.65BInWithdrawals #åøå® #BNB #ProofOfReserves
ā ļø The above does not constitute investment advice. Please be aware of the risks.
Binance disclosed that after withdrawals resumed from 06:00 to 15:30 (UTC) on November 1, it processed $4.649 billion in withdrawals and $1.01 billion in deposits, for net outflows of about $3.64 billionāequivalent to 2.1% of its $171 billion in total assets (based on its October 28 proof of reserves).
š What we know so far
ā¢ Withdrawals resumed in phases starting at 06:00 UTC on November 1; by 12:36 UTC, all 15 networks and assets in the first phase were back online
ā¢ Binance says withdrawal volumes have eased and stabilized after an initial peak, while deposit volumes remain āconsiderableā
ā¢ Binance says it has recovered about 95% of the stolen assets (the incident involved about $6.3 billion)
ā¢ Note on methodology: DefiLlama shows higher net outflows (about $5.81 billion). Binance says its figures exclude funds transferred to its own new hot wallets, so the two figures are not directly comparable
š Market impact
Net outflows of 2.1% suggest that panic withdrawals did not spiral out of control, but also show that rebuilding trust will take time. What to watch next: the full proof of reserves (expected November 3), progress in restoring the remaining networks, and whether net outflows continue to narrow. BNB is currently around $708, up about 0.3% in 24 hours; recent support levels are $698ā$704 (the recent low range over the past few days) and $680 (a low near October 31); resistance levels are $717.75 and $762 (a recent high).
Would you keep your assets on an exchange or move them back to self-custody? Join the discussion in the comments š
š Trade BNB: https://www.binance.com/zh-CN/trade/BNB_USDT
#BinanceProcessed$4.65BInWithdrawals #åøå® #BNB #ProofOfReserves
ā ļø The above does not constitute investment advice. Please be aware of the risks.
