Tracked Binance wallets record $2.5 billion in outflows as withdrawals reopen after hack
Binance recorded about $2.51 billion in net wallet outflows on Nov. 1 as it gradually restored withdrawals after an Oct. 29 security breach that the FBI attributed to North Korea’s TraderTraitor operation. Withdrawals resumed across 15 networks following security reviews, with Binance warning that high demand could slow processing. The exchange says it has replenished roughly 95% of affected assets using corporate resources and market purchases, and that listed major-asset balances are fully backed. Replacing assets does not mean the stolen funds have been recovered; Binance is working with law enforcement and industry partners to trace them. The reasons for the outflows remain uncertain as withdrawals move to newly generated wallets. Binance plans to release a detailed incident report.
