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Binance Sees $4 Billion in Withdrawals After Hack, Raising Concerns

A massive outflow follows the reopening of withdrawals after a recent security incident.

A massive outflow follows the reopening of withdrawals after a recent security incident. This is an original TLT brief based on reporting by Cointribune, with live market data added, as of Sun, 01 Nov 2026 22:00:04 UTC.

Why it matters

The significant withdrawal activity raises questions about user confidence in Binance's security measures and could impact its market position.

Key takeaways
  • Over $4 billion withdrawn from Binance after withdrawal reopening post-hack.
  • FBI issues international wanted notice related to the crypto hack.
  • Market remains flat despite Binance's outflows.

Following the reopening of withdrawals after a recent security breach, Binance has seen over $4 billion in outflows, according to Cointribune. This development comes amid heightened scrutiny of the exchange's security measures and user trust.

The FBI has added to the pressure by issuing an international wanted notice for an individual suspected of involvement in the crypto hack. This adds a layer of complexity to the situation, as Binance works to reassure its user base and maintain its market position.

While the outflows are significant, the broader crypto market remains relatively unaffected, with the total market cap holding steady at $2.68 trillion. Bitcoin's price has seen a modest 0.53% increase in the past 24 hours, indicating that the market's overall sentiment remains cautious but not panicked.

Binance has not yet commented on the specific amount of withdrawals or the impact on its liquidity. The exchange has been working to strengthen its security protocols and restore user confidence after the hack.

The current Fear & Greed index stands at 34, indicating a 'Fear' sentiment in the market. This suggests that while the Binance situation is concerning, it has not yet triggered widespread panic.

The market when this published · November 1, 2026
Total market cap$2.68T
Bitcoin 24h+0.53%
Ethereum 24h+0.48%
BTC dominance58.4%
Fear & Greed34 · Fear

Binance Sees $4 Billion in Withdrawals After Hack, Raising C — questions & answers

How much has Binance lost in withdrawals?

Over $4 billion in withdrawals have been reported by Cointribune.

What is the FBI doing about the Binance hack?

The FBI has issued an international wanted notice for a suspect linked to the hack.

How is the broader crypto market reacting?

The market remains flat with a total cap of $2.68 trillion, indicating cautious sentiment.

Which outlets reported this story?

This is an original TLT brief that synthesises reporting from Cointribune. It is not a copy of any one article — follow the source links above for the original reporting.

In this storyBinance Company
TLT Newsdesk Data-stamped

TLT's newsdesk writes original briefs by synthesising coverage from across the crypto press — 50+ outlets including CoinDesk, The Block, Decrypt and Cointelegraph — cross-checking the figures they report — and verifying them against on-chain data from DeFiLlama and mempool.space — plus live market context (CoinGecko, Binance). We summarise and link to every source; we never reproduce full articles. Read our editorial standards and how we use AI. Not financial advice.

Market data verified against CoinGecko & Binance · November 1, 2026 ⛓ Timestamped at Bitcoin block #974,178 sha256:2bb605ad4a213aaf
Based on reporting by Cointribune — this is an original TLT summary with live market data, not the original article.Cointribune · Nov 1 20:05 ↗

Original summary — not financial advice. This is an original TLT 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.