Binance resumes withdrawals as tracker shows $3.7B outflows

Nov 2, 2026 1:23 AM

Despite the massive $6.3 billion hack, Binance claims user funds are safe, yet trackers show a staggering $10.41 billion in net outflows over the last week. While the exchange dismisses these billions as potential internal shuffles or "hot wallet" moves, the reality is that $3.74 billion vanished in just 24 hours after withdrawals reopened. Can we actually trust a "proof-of-reserves" snapshot when the data shows such a massive exodus of capital? Is Binance truly safe?
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