Binance BTC Outflows Exceed Reported Hack Losses as Reserves Fall
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Binance users withdrew 25,793 BTC between November 1 and 2, surpassing the 18,270 BTC reported stolen in the exchange’s recent security incident. The withdrawals marked the year’s largest single-day outflows across BTC, ETH, USDT and USDC, according to exchange data. The gap between user withdrawals and hack losses signals that confidence, not just reimbursement, is driving the movement of funds off the platform. Falling reserves at the exchange are the immediate metric to watch, along with whether outflows persist beyond the initial two-day window.
Muhabbit's AI wrote this summary in its own words from Coinpedia's report. It can get details wrong, so check the source.
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