Crypto: Binance Records $2.3 Billion in Net Inflows After Hack

Binance is seeing deposits return after several days of heavy withdrawals. According to DefiLlama data reported by Cointelegraph on November 3, 2026, the crypto exchange recorded $2.3 billion in net inflows over 24 hours. The previous day’s reading showed more than $7 billion in net outflows. The reversal comes five days after a $6.3 billion hack forced Binance to suspend withdrawals temporarily.

Binance Returns to Positive Crypto Flows

Binance has moved back into positive territory as withdrawals gradually resume. Two days after the exchange restored withdrawals across 15 blockchain networks, DefiLlama recorded $2.3 billion in net inflows over a rolling 24-hour period.

The figure puts Binance ahead of other major centralized exchanges tracked by the platform. Bitfinex recorded approximately $280 million in net inflows, while Bitget followed with $127 million.

Binance also confirmed that hourly deposits had started exceeding withdrawals by 03:00 UTC on Tuesday. The company described the change as an improvement in user activity after several days of unusually large transfers.

The recovery began earlier in the day. An initial DefiLlama reading showed approximately $1.82 billion in net inflows before the figure increased to $2.3 billion in the later report.

However, these figures require careful interpretation. Net inflows represent the difference between assets entering and leaving wallets associated with an exchange. They do not mean that withdrawals have stopped or that every depositor is a returning customer.

Some funds may come from trading firms, institutional wallets or transfers between platforms. The figures also cover a moving 24-hour window, meaning they can change significantly as older transactions leave the calculation.

Still, Binance’s position has improved considerably compared with the previous two days. The exchange has moved from leading the withdrawal rankings to attracting the largest positive daily balance among its competitors.

More Than $7 Billion Left Binance the Previous Day

The turnaround follows an exceptionally difficult weekend. Binance suspended withdrawals after the October 29 security breach and began restoring access on Sunday, November 1.

The reopening triggered immediate activity. Cointribune had already reported more than $4 billion in withdrawals shortly after services resumed, with significant transfers involving USDT, bitcoin and other cryptocurrencies.

The pressure continued into Monday. DefiLlama recorded more than $7 billion in net outflows over a rolling 24-hour period, while OKX led the exchange rankings with approximately $445 million in net inflows.

CoinDesk reported another measurement based on figures shared by Binance co-CEO Richard Teng. During the 46 hours following the reopening, customers withdrew approximately $10.97 billion, while net withdrawals reached $5.28 billion.

These numbers are not directly interchangeable with DefiLlama’s figures. They cover different time windows and may use different methods to classify incoming and outgoing transfers.

The distinction is important when assessing the scale of the withdrawals. An on-chain movement between exchange-controlled wallets does not necessarily mean that a customer has removed funds.

The latest daily improvement has also not erased the losses accumulated during the previous week. An earlier November 3 snapshot showed approximately $11.83 billion in net outflows over seven days, despite positive daily flows.

Binance therefore remains in recovery. One strong day is encouraging, but it cannot cancel several days of unusually large withdrawals.

Binance Rebuilds Reserves as Deposits Recover

The return of positive flows coincides with Binance’s efforts to replace assets affected by the hack. According to the exchange’s November 1 update, approximately 95% of the impacted assets had already been replenished.

The remaining 5% consists mainly of less liquid tokens that are harder to acquire in large quantities. Binance is using its own resources, the SAFU protection fund and insurance reserves to cover the losses without passing them on to customers.

That 95% figure does not represent the amount recovered from the hackers. It refers to the assets Binance has replaced through its financial resources and purchases.

Richard Teng addressed the situation at Hong Kong Fintech Week on November 3. He said Binance remained financially strong and that customer inflows and outflows had largely returned to normal.

The company has also committed to publishing additional information about the security incident and its response. Investigators continue monitoring stolen funds, while the FBI has attributed the attack to North Korea’s TraderTraitor group. Pyongyang denies responsibility.

For users, the immediate concerns involve withdrawal access, reserve coverage and the exchange’s ability to operate normally. Positive daily flows provide one indication of improvement, but they are not a complete measure of financial stability.

Binance has already attracted substantial capital during calmer periods. In August, it recorded $15.7 billion in monthly net inflows during a bitcoin rally. The latest $2.3 billion figure covers only 24 hours and cannot be compared directly with that monthly result. Whether deposits remain positive over several days will provide a clearer picture of Binance’s recovery.