Binance recorded a net outflow of $2.51 billion from tracked wallets on November 1, following the resumption of withdrawals.
After Binance resumed withdrawals, tracking wallets recorded a net outflow of $2.51 billion on November 1. According to DeFiLlama data, the outflowing assets included approximately $1.083 billion in USDT, $912 million in Bitcoin, $385 million in USDC, and $131 million in Wrapped Ethereum. Binance co-founder Yi He stated that withdrawal processing is currently running smoothly, but increased demand might temporarily affect transaction processing. Binance has updated its proof-of-reserves wallet address list and stated that it has replenished approximately 95% of the affected assets through company resources and market purchases.
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