Binance customers withdrew $3.64 billion, about 2.1% of the exchange’s total assets, after the security breach. Reports put the stolen funds at an estimated $6.43 billion, while the breach was also reported as totaling $6.3 billion. Binance said it covered about 95% of the stolen assets with company funds to keep customer balances backed, and that outflows were stabilizing as services resumed. Arbitrum’s Security Council used emergency powers and a temporary smart-contract change to move 8,425 ETH and 74 million ARB linked to the hack; the assets are held pending an ArbitrumDAO governance vote on their final transfer. After fund access and withdrawals resumed, Binance recorded $2.3 billion in net inflows over 24 hours, reversing the earlier outflows.
New assets are being made available in stages after security and readiness checks, while the platform said hourly deposits exceeded withdrawals and flows began to stabilize.
Read the full storyThe transfer took place on October 30. The assets were placed in an address from which they can be moved only through an ArbitrumDAO vote, with CoinDesk valuing them at about $30 million.
The platform said customer inflows reached $2.7 billion since Sunday, while the pace of withdrawals stabilized after an initial rise following the resumption of service.