Binance: Net outflow of approximately $3.64 billion over roughly 9.5 hours after resuming withdrawals.

on November 2, according to official Binance announcements, the platform resumed withdrawals in phases starting at 14:00 Beijing Time on November 1. As of 23:30 that day, it processed $4.649 billion in withdrawals and $1.01 billion in deposits, resulting in a net outflow of approximately $3.64 billion.

Binance stated that by 20:36 Beijing Time on November 1, withdrawals had resumed for all 15 networks and assets covered in the first phase, with withdrawal volumes decreasing after an initial surge. The company noted that the net outflow accounts for approximately 2.1% of the $171 billion in assets under management reflected in the proof of reserves data as of October 28.

The platform continues testing the remaining networks and assets and expects to publish an updated proof of reserves report on November 2.