Binance sees $6.1B net outflows in first 24 hours after withdrawals resume; OKX leads inflows
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Answer first: In the first 24 hours after Binance resumed withdrawals, more than $6.1 billion net left the exchange - under 4% of its tracked holdings - while rival OKX led inflows with about $445 million, per DefiLlama-based tracking cited by CoinDesk and Cointelegraph on November 2.
Key points
- First 9.5 hours (Nov. 1, 06:00-15:30 GMT): $4.649 billion withdrawn against $1.01 billion deposited, a net outflow of about $3.64 billion - Binance's own figures, posted on X and cited by the BBC
- First 24 hours: net outflows above $6.1 billion (CoinDesk live blog); DefiLlama still tracked roughly $129 billion in Binance-linked wallets
- Binance says the net withdrawals equal just over 2% of the $171 billion it reports under management, that flows are "stabilising as expected", and that it replaced customer assets using its corporate treasury plus futures-insurance and emergency-reserve funds (BBC)
- Where the money went: OKX led with about $445 million in 24-hour net inflows, followed by Bybit (~$112-134 million), Gate (~$91 million) and Bitget (~$54 million) (Cointelegraph; CoinDesk)
Why it's trending
Selection basis: the largest exchange hack on record (about $6.3 billion) moved into its post-resumption test on November 2, and the market's verdict - how much customers pulled once withdrawals reopened - was the day's dominant crypto-exchange story. Binance also said it would publish its proof of reserves on November 2.
What's confirmed / What's not
Confirmed: the phased resumption, Binance's own 9.5-hour flow figures, the roughly $6.1 billion 24-hour net outflow per DefiLlama tracking, and OKX leading inflows.
Not confirmed: the contents of the promised proof-of-reserves publication, and full normalization timing. Figures vary by tracker and snapshot - Cointelegraph's later snapshot showed Binance net outflows above $7 billion, up from $5.8 billion earlier on Monday - so treat any single number as a point-in-time reading, not a final tally.
What to watch
The proof-of-reserves release, whether outflows keep stabilizing, and any further law-enforcement recovery of the stolen funds the FBI attributed to North Korea's TraderTraitor group.
Sources
- CoinDesk live 'Binance records $6 billion outflows after starting withdrawals, less then 4% of total holdings' 2026-11-02
- Cointelegraph 'OKX Leads Crypto Exchanges with $445M in Daily Inflows' 2026-11-02
- BBC 'Binance hack: Users withdraw $3.6bn after record crypto heist' 2026-11-02