After the cyber attack on Binance, a net outflow of 3.64 billion dollars occurred in a single day

Binance recorded $3.64 billion in net outflows on November 1, equal to 2.1% of its total assets, after restarting withdrawals following a $6.3 billion cyberattack. The exchange resumed withdrawal services as users pulled funds in one of the largest single-day outflow events for a centralized platform. The scale of the withdrawal tests Binance’s liquidity and reserve backing at a time when exchange solvency is under close scrutiny. Next, watch whether outflows continue at the same pace, whether Binance publishes updated reserve data, and whether the incident shifts user flows toward self-custody or rival exchanges.