Binance began reopening customer withdrawals in phases on November 1, 2026, after the reported October 29 theft. Reports put gross withdrawals at about $7.4 billion and deposits at about $2.7 billion, while Reuters cited a separate $4.72 billion net-outflow estimate. Gross withdrawals count assets moved out; net outflow accounts for deposits coming in.
What the reported flow figures measure
The first phase of Binance’s reopening covered 15 digital assets, including Bitcoin, Ether, Dogecoin, USDC and USDT. The reported $7.4 billion in gross withdrawals and $2.7 billion in deposits describe different directions of movement. Subtracting the rounded figures gives about $4.7 billion, close to Reuters’ separate $4.72 billion net estimate, but the figures should not be treated as a single reconciled measurement.
| Reported measure | Approximate amount | What it counts |
| Gross withdrawals | $7.4 billion | Assets customers withdrew |
| Deposits | $2.7 billion | Assets deposited during the reported period |
| Reuters net-outflow estimate | $4.72 billion | A separate estimate of outflows after deposits were accounted for |
Why other net-outflow figures differ
A Reuters account also reported Binance’s estimate of $3.64 billion in net outflows, or 2.1% of its assets, through 15:30 GMT. The same account reported a $5.81 billion DefiLlama dashboard figure. Binance said that dashboard did not count transfers into a new Binance hot wallet, and that its latest public update was closer to the figure, though later deposits and withdrawals were not included in that update.
Those figures have different attributions and stated limits. The account does not align them to one shared measurement window, so they remain separate reported snapshots rather than components of a definitive total.
What Binance said it had covered
Binance said it had covered about 95% of the estimated $6.3 billion loss, with the remainder in less-liquid assets, according to Reuters. The company also said it would bear the financial impact. In earlier coverage, Binance had reportedly said it reimbursed 90% of the losses; the later 95% figure is also a company-reported recovery statement.
