Binance Shed $5.28B More in Withdrawals Than Deposits Across 46 Hours

Binance let users back in — and users headed for the exits. Over a 46-hour stretch that began at 1 a.m. ET on Nov. 1 and closed at 11 p.m. ET on Nov. 2, withdrawals hit $10.97 billion while deposits reached $5.695 billion, leaving the exchange with roughly $5.28 billion more leaving than arriving, according to tokenpost.com.

The final hourly snapshot told a friendlier story — but only an hourly one. By 10 p.m. ET on Nov. 2, deposits were outpacing withdrawals. Binance CEO Richard Teng flagged the shift, saying the trend is starting to show more positive inflows with hourly deposits exceeding withdrawals. That reading marks a change in pace across one hour, not a flip of the full 46-hour balance, which stayed negative.

The floodgates had been reopening in stages since Nov. 1, after Binance's Oct. 29 security incident. That incident touched about $6.34 billion in digital assets, with roughly $2.85 billion frozen or intercepted — a figure still subject to reconciliation and swings in market prices.

One thing Binance has made clear: the bill lands on the exchange, not its customers. Binance says it will absorb the financial impact of the stolen funds rather than pass it to users.

Now the watch is on the next hourly prints — whether the positive deposit flow Teng pointed to holds up, or whether the 46-hour hole keeps growing.