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Binance net outflows reach $5.3 billion after record hack. CEO says recovery underway

CoinDeskBy Olivier Acuna

11/3/2026, 12:57:28 PM

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Binance net outflows reach $5.3 billion after record hack. CEO says recovery underway — Photo / Coverage: CoinDeskCredit: Olivier Acuna

EXECUTIVE SUMMARY

Nearly $11 billion left the exchange over 46 hours, although CEO Richard Teng said hourly deposits were beginning to exceed withdrawals.

Key Takeaways

Binance net outflows reach $5.3 billion after record hack.
CEO says recovery underway.
Nearly $11 billion left the exchange over 46 hours, although CEO Richard Teng said hourly deposits were beginning to exceed withdrawals.

Nearly $11 billion left the exchange over 46 hours, although CEO Richard Teng said hourly deposits were beginning to exceed withdrawals.

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