Binance processed $4.65 billion in withdrawals and $1.01 billion in deposits in the first nine and a half hours after it reopened withdrawals on Sunday, a net outflow of about $3.64 billion, the exchange said.
It put that at 2.1% of the $171 billion in assets in its 28 October proof-of-reserves data, and said volumes were “stabilising as expected” after an initial spike.
Other counts run higher. CoinDesk, using DefiLlama wallet data, put the 24-hour outflow at about $6.1 billion, roughly 3.6% of pre-hack assets, while warning that the figure can include transfers between wallets the exchange itself controls.
Rivals took in some of it. DefiLlama showed the next ten largest exchanges gaining about $368 million combined over one 24-hour stretch, led by OKX, which is a small share of what left.
The reopening was phased. All 15 assets in the first batch were back by mid-morning in New York on Sunday, but Binance’s status page still showed withdrawals suspended on 531 of the 552 coins it lists in the late morning.
The withdrawals follow Thursday’s theft of about $6.3 billion, which the FBI has attributed to North Korea’s TraderTraitor group. Co-chief executive Richard Teng said on Saturday that Binance had replenished 90% of the stolen assets and would cover the rest.
Binance has promised an updated proof-of-reserves report on Monday, built on a 31 October snapshot and zero-knowledge proofs. That report, not the first day’s outflow, will show whether the exchange is whole. It will not say how many customers left for good rather than for the weekend.
