Customers withdrew about $3.64 billion from Binance after the cryptocurrency exchange resumed withdrawals following a record $6.3 billion theft, according to Reuters reporting published Monday.
Binance said withdrawal volumes spiked when services returned but were moving back toward levels the company considered normal. The exchange began restoring withdrawals in phases Sunday after suspending them during its response to the breach.
The company said it had covered about 95% of the stolen assets and would absorb the losses rather than pass them to customers. Its recovery funding came from the Secure Asset Fund for Users, a futures insurance fund and corporate resources.
Binance’s official recovery update said the first phase included major assets and networks, with availability varying as technical and security checks continued. It said balances in several major assets, including bitcoin, ether and leading stablecoins, were fully backed.
The FBI has attributed the theft to North Korea. Reuters reported that the agency said members of the responsible unit were observed converting stolen assets into ether and that further laundering was expected.
The fresh withdrawal activity is the latest test of confidence in the world’s largest cryptocurrency exchange after the Oct. 29 breach. Binance reported approximately $162.8 billion in assets under custody in its 2025 annual report.
The company said deposits remained substantial as withdrawals stabilized. Service restoration was still being handled in phases, and users were directed to check individual asset and network availability.
Sources: - Binance, “Security Incident Recovery Update #4: Withdrawals Resume in Phases,” Nov. 1, 2026 - Reuters, “Binance Sees Spike in Customers Pulling Funds Out After Covering Bulk of Stolen $6.3 Billion,” Nov. 2, 2026