CryptoSlate reports that Binance experienced approximately $11 billion in withdrawals from November 1 to November 3, following a significant hack on October 29. The exchange reopened services during this period. Deposits of around $6 billion partially offset the withdrawals, resulting in a net outflow of about $5 billion. Binance CEO Changpeng Zhao noted that only a small portion of the withdrawn funds went to competing platforms.
Based on the CryptoSlate report; not independently verified.
Source published: Wed, 04 Nov 2026 11:10:32 +0000
[Read the original report](https://cryptoslate.com/binance-reports-11-billion-withdrawn-in-46-hours-as-zhao-says-few-funds-went-to-rivals/)
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