Binance restored withdrawal services across 15 blockchain networks on November 1, 2026. Immediately after access returned, $3.64 billion in assets exited the platform. Staff editor Andrew Fenton detailed the movement in a Hodler’s Digest report.
The outflows followed the largest security exploit in crypto history, in which North Korean hackers removed $6.3 billion from Binance hot wallets late last week. In the aftermath, THORChain's co-founder argued against halting the protocol to comply with FBI requests for coin freezes.
For traders actively holding perpetual futures positions on Bitget, Bybit, MEXC, or OKX, these security breaches and platform exits change nothing directly. Funding rates, transaction fees, and available contract liquidity on those specific exchanges remain unaffected by the Binance withdrawals.
Source: cointelegraph — $3.64B flees Binance on reopen, THORChain co-founder opposes coin freeze: Hodler’s Digest