Binance Puts Net Outflow at 2.1% of Its $171 Billion in Assets as Withdrawals Restart

Binance said it processed $4.649 billion in withdrawals against $1.01 billion in deposits from 06:00 UTC to 15:30 UTC on Nov. 1, putting net outflows at $3.64 billion . Binance said the net outflow amounts to 2.1% of the $171 billion in assets it manages. The $171 billion base comes from Binance’s proof-of-reserves data as of Oct. 28, the day before the hot-wallet drain began. “98% choose to stay!” Binance founder Changpeng Zhao said on X. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . A Phased Reopening Withdrawals started coming back at 06:00 UTC, and by 12:36 UTC Binance said all 15 networks and assets in the first phase were live.

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