Binance: About $3.64B net outflow after resuming withdrawals, 2.10% of total assets

November 2: Binance said in a post on X that it began resuming withdrawals in phases from 14:00 Beijing time on November 1, and that by 20:36 all 15 networks and assets in the first phase had fully resumed withdrawals. From 14:00 to 23:30 on November 1, Binance processed $4.649 billion in withdrawals and $1.01 billion in deposits, with a net outflow of about $3.64 billion, or 2.10% of its $171 billion in total assets (based on October 28 proof-of-reserves data). Binance said withdrawal volume has fallen back and stabilized after an initial surge, while deposit volume remains at a relatively high level; a new proof-of-reserves snapshot was completed at 8:00 on October 31, and the updated report is expected to be released on November 2. The remaining networks and assets are still being tested, and arrangements for the next phase will be announced as soon as possible.