Binance Net Outflows Moderate Following Multi-Agency Fund Recovery

Binance successfully resumed withdrawals in phases across multiple networks following its security incident, processing $4.649B in withdrawals against $1.01B in deposits for a net outflow of $3.64B, representing 2.1% of total assets under management. CZ and Yi He highlighted market stabilization, ongoing law enforcement collaboration with the U.S. Secret Service and FBI to freeze assets, and cautioned users against opportunistic phishing and address-poisoning scams. Meanwhile, BNB held steady at $708.59, and BSC total value locked stabilized at $5.26B.

• Binance processed $4.649B in withdrawals and $1.01B in deposits between 06:00 and 15:30 UTC on November 1, resulting in a net outflow of $3.64B (2.1% of $171B AUM).
• Binance reopened withdrawals in phases across 15+ networks, including BTC, ETH, BSC, SOL, XRP, SUI, TON, and ZEC.
• CZ posted that the U.S. Secret Service, FBI, and industry partners acted within minutes to track and freeze stolen funds, containing broader financial contagion.
• Yi He warned users of active address-poisoning schemes and Telegram-based GRAM transfer scams attempting to impersonate Binance recovery alerts.
• Yi He clarified that Binance's community rewards campaign awaits regulatory approval and confirmed there is currently no cash voucher program.
• Analysts reported North Korean hackers laundered $242M of stolen funds via Tron through cross-chain bridges including Relay, THORChain, Chainflip, and Symbiosis.
• BNB traded up 0.59% to $708.59, while BSC TVL remained stable at $5.26B with a 0.21% 24-hour increase.
• U.S. spot Bitcoin ETFs registered $643.2M in net outflows on Friday following the incident.
• gang.fun launched a one-click [COPY BUY COMMAND] feature allowing users to paste direct purchase lines to autonomous agents.