Binance Users Pull a Net $3.64 Billion After Record Hack as Withdrawals Reopen

The Biggest Exchange Hack on Record

Attackers drained an estimated $6.3-6.4 billion from Binance in late October 2026, the largest exchange breach reported to date.

The withdrawal wave

Binance restarted withdrawals in phases on 1 November. According to the exchange:

• Withdrawals: about $4.65 billion
• Deposits: about $1.01 billion
• Net outflow: roughly $3.64 billion

Ethereum made up the largest share of withdrawals; Bitcoin outflows were about $1.47 billion.

Why it matters

When users move coins off a large exchange at once, it tests that exchange's reserves and can push prices down if users sell. So far Binance has processed the outflows.

A lesson in custody

"Not your keys, not your coins." Large exchanges are convenient, but they concentrate risk. Learning how self-custody works is part of trading crypto safely.

Figures vary slightly between sources. Educational content, not investment advice.