Binance Flips to $2.3B Net Inflows Days After $6.3B Hack

Binance just flipped the script. The exchange pulled in $2.3 billion in net inflows over a rolling 24-hour window, according to DefiLlama data reported by Cointelegraph on November 3 — a sharp reversal from the more than $7 billion that drained out the day before.

The comeback lands five days after a $6.3 billion hack forced Binance to freeze withdrawals, and roughly two days after it switched access back on across 15 blockchain networks. Binance says hourly deposits started beating withdrawals around 03:00 UTC Tuesday, calling it a return to more normal user activity.

The tally climbed through the day: an early DefiLlama read showed about $1.82 billion before it widened to $2.3 billion. Rivals weren't close — Bitfinex logged roughly $280 million in net inflows and Bitget about $127 million.

Read the number carefully, though. Net inflows simply measure the gap between assets entering and leaving exchange-linked wallets, and some of that money may belong to trading firms or institutions shuffling between platforms, not returning customers. The window also rolls, so older transactions dropping out can swing the figure.

Context matters here. After withdrawals reopened on November 1, Cointribune flagged over $4 billion leaving almost immediately, heavy in USDT and bitcoin. Monday's rolling 24-hour read topped $7 billion in net outflows, with OKX leading peers at about $445 million in net inflows. CoinDesk, citing co-CEO Richard Teng, reported roughly $10.97 billion in customer withdrawals and $5.28 billion in net withdrawals across the 46 hours after reopening — different windows, different methods, so the numbers don't line up neatly.

The damage isn't washed away. A November 3 snapshot still showed about $11.83 billion in net outflows across seven days. And Binance is rebuilding its reserves: a November 1 update said roughly 95% of assets hit in the breach had been replenished, with the remaining 5% mostly illiquid tokens that are tough to buy in bulk. The exchange is tapping its own funds, the SAFU protection fund and insurance reserves so customers don't eat the loss — that 95% is what Binance replaced, not what was clawed back from the thieves. Speaking at Hong Kong Fintech Week, Teng said Binance remains financially strong and flows have largely normalized. The FBI has pinned the attack on North Korea's TraderTraitor group; Pyongyang denies it. For scale, Binance booked $15.7 billion in monthly net inflows back in August during a bitcoin rally — a monthly figure, so not a fair fight against one 24-hour stretch.