Binance Outflows Top $4 Billion After Withdrawal Restart

More than $4 billion in Bitcoin (BTC), Ether (ETH) and stablecoins left Binance after withdrawals resumed Nov. 1. The withdrawals comprised 19,569 BTC (nearly $1.5 billion) and 154,147 ETH (about $360 million). Stablecoin withdrawals amounted to $1.96 billion in USDT and $557 million in USDC. Binance scheduled its first withdrawal phase for Nov. 1 from 1 a.m. to 4 a.m. ET (06:00 to 09:00 UTC). The exchange planned to restore access gradually across assets and networks after security checks. Binance said it had covered about 95% of the affected amount and would absorb the losses.