Over $4 Billion Withdrawn from Binance After Hack Reopening
Binance sees massive withdrawals following the reopening of services post-hack, raising concerns about user confidence.
Binance sees massive withdrawals following the reopening of services post-hack, raising concerns about user confidence. This is an original Token Times brief based on reporting by Cointribune, with live market data added, as of Sun, 01 Nov 2026 22:15:01 UTC.
The significant outflow of funds from Binance highlights potential vulnerabilities in crypto exchanges and the fragility of user trust following security incidents.
- Binance experienced over $4 billion in withdrawals after reopening services post-hack.
- The FBI issued an international wanted notice for a suspect related to the crypto hack.
- The event raises questions about user confidence in crypto exchanges' security measures.
- Former Ripple CTO Mocks $6 Billion Binance Hack with XLM Joke
- Binance Suffers Record $6.3 Billion Crypto Hack Amid Market Downturn
- Binance Hack Could Be Largest Crypto Theft Ever at $6.3 Billion
- Over $4 Billion Withdrawn from Binance After Hack Reopening — this brief
Following the reopening of withdrawals after a recent crypto hack, Binance experienced an outflow of over $4 billion in a short period, according to Cointribune. This development comes amid heightened scrutiny of the exchange's security measures and user trust.
The FBI has also issued an international wanted notice for a suspect in connection with the crypto hack, further intensifying the situation. The combination of the massive withdrawals and the FBI's involvement suggests potential vulnerabilities in Binance's security infrastructure.
The broader market remains relatively stable, with the total crypto market cap at $2.68 trillion and 
Bitcoin showing a modest 24-hour gain of 0.53%. However, the Fear & Greed index stands at 34, indicating a prevailing sentiment of fear in the market.
This incident underscores the challenges faced by crypto exchanges in maintaining user trust, especially after security breaches. The significant outflow of funds from Binance could be a sign of users' concerns about the safety of their assets on the platform.
Looking ahead, it will be crucial to monitor whether Binance can restore confidence among its users and if other exchanges will face similar scrutiny. The market's reaction to such incidents can significantly influence the overall stability of the crypto ecosystem.
Figures and sectors in this story, checked live against on-chain aggregators · November 1, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Over $4 Billion Withdrawn from Binance After Hack Reopening — questions & answers
How much money was withdrawn from Binance after the hack?
Over $4 billion was withdrawn from Binance after the reopening of withdrawals.
What is the FBI's role in the Binance hack incident?
The FBI issued an international wanted notice for a suspect related to the crypto hack.
What is the current state of the crypto market?
The total crypto market cap is $2.68 trillion, with Bitcoin up 0.53% in the last 24 hours.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Cointribune. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.