Binance: Withdrawals Resume After $3.64B Net Outflow
Binance resumed withdrawals across 15 networks by 12:36 UTC on November 1 after processing $4.649 billion in withdrawals and $1.01 billion in deposits for a $3.64 billion net outflow equal to 2.1% of its $171 billion AUM.
SourceAnalysis
Binance began restoring withdrawals in phases at 06:00 UTC on November 1, 2026. By 12:36 UTC all 15 networks and assets in the initial phase had resumed. The exchange processed $4.649 billion in withdrawals against $1.01 billion in deposits, producing a net outflow of $3.64 billion that equals 2.1% of its $171 billion assets under management per the October 28 Proof of Reserves snapshot. A fresh PoR snapshot was taken at 00:00 UTC on October 31 with zero-knowledge proof computation underway and the updated report due tomorrow.
CZ_BNB
@cz_binanceFounder and former CEO of Binance, the world's largest cryptocurrency exchange. Shares insights on cryptocurrency adoption, blockchain technology development, and personal perspectives on building in the Web3 space, while navigating regulatory challenges and industry evolution.