Binance: Net outflows of approximately $3.64 billion in the roughly 9.5 hours following the resumption

Binance resumed withdrawals on November 1 at 14:00 Beijing time after a pause, processing $4.649 billion in withdrawals and $1.01 billion in deposits by 23:30 the same day, resulting in net outflows of roughly $3.64 billion over about 9.5 hours. The exchange said all 15 networks and assets covered in the first phase had withdrawals restored by 20:36 Beijing time, with withdrawal volumes declining after an initial surge. Binance characterized the net outflow as about 2.1% of the $171 billion in managed assets shown in its proof-of-reserves data as of October 28. The exchange is continuing to test remaining networks and assets, with withdrawals for those still pending restoration. Binance expects to publish an updated proof-of-reserves report on November 2, which investors will watch for confirmation of reserve coverage following the outflow spike.