# Binance Records $2.3B Net Inflows Following Security Breach Recovery Exchange reverses heavy outflows as user activity stabilizes after a massive $6.3 billion hack. - **Source:** [Cointelegraph.com News](https://brifing.si/source/2e81e982-0137-4db0-8ac2-351f37085775) - **Published:** 2026-11-03 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/9a2c7b9e-3128-4c65-9434-87d0fb80daa7 ## Inflow Reversal After Hack Binance recorded $2.3 billion in net inflows over a 24-hour period, marking a significant reversal from the previous day. This shift follows Monday’s heavy outflows of over $7 billion. The exchange currently leads all centralized platforms tracked by DefiLlama, successfully stabilizing its liquidity position after the recent security incident. ## Withdrawal Access Restored The exchange resumed withdrawal services on Sunday at 06:00 UTC following a total suspension on Friday. By Monday, fiat currency withdrawals were also reopened as outflow rates began to decelerate. Binance confirmed that hourly deposits started exceeding withdrawals by 03:00 UTC, signaling a return to normal user activity levels. ## Asset Recovery Progress Binance successfully replaced approximately 95% of the assets affected by the $6.3 billion hack. The remaining 5% consists of less liquid tokens, which require additional time to acquire through market and over-the-counter purchases. The company pledged to cover all losses using internal resources and protection funds to ensure customer safety. ## Competitive Market Positioning While Binance leads the market, other centralized exchanges also saw notable activity during this period. Bitfinex recorded approximately $280 million in net inflows, while Bitget saw $127 million. These figures highlight the broader market movement as users reallocate funds across various platforms following the high-profile security breach at the leading exchange. ## Security Breach Attribution The US Federal Bureau of Investigation officially attributed the $6.3 billion attack to North Korea on Saturday. This accusation has sparked international tension, with North Korean officials denying any involvement. Kim Yo Jong, sister of leader Kim Jong Un, publicly dismissed the FBI's allegations as absurd rhetoric during a Tuesday statement. ## Operational Impact Analysis The suspension of withdrawals was a critical measure taken while the exchange conducted deep security checks and investigated the breach. By prioritizing the replacement of user assets, Binance aimed to maintain trust and prevent a total platform exodus. The current positive net inflows suggest that these recovery efforts have effectively mitigated panic. ## Liquidity and Market Sentiment The volatility observed between Monday and Tuesday reflects the sensitivity of crypto markets to security events. The shift from $7 billion in outflows to $2.3 billion in inflows demonstrates how quickly user sentiment can change when an exchange demonstrates transparency and financial capability to cover losses from its own reserves. ## Future Risk Management This incident underscores the ongoing challenges centralized exchanges face regarding cyber security and liquidity management. As Binance continues to acquire the final 5% of affected assets, the industry will likely monitor its security protocols closely. The ability to restore operations so rapidly serves as a case study for large-scale platform recovery. ## Sources covering this story - https://cointelegraph.com/news/binances-daily-inflows-positive-18b-withdrawals?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._