$2 Billion Moves in the First 3 Hours After Binance Reopens Withdrawals

Binance says it now pays out every withdrawal from brand-new wallets. Binance froze withdrawals after attackers took about $6.3 billion on October 29.

For customers locked out since then, and for Bitcoin holders hoping for a relief rally, the question is whether this money is leaving or being reshuffled. Whale Alert posts show 10,000 BTC worth about $779 million, nearly $1 billion in Tether (USDT), $200 million in USD Coin (USDC), and 30,000 ETH worth $68 million. 🚨 🚨 🚨 🚨 🚨 100,000,000 $USDC (100,037,106 USD) transferred from #Binance to unknown wallethttps://t.co/hepsLsxS4S — Whale Alert (@whale_alert) November 1, 2026 The tracker sent each one from Binance to an "unknown wallet."

Binance said Sunday it had added newly generated addresses to its proof-of-reserves list, the public set of wallets it says hold customer assets. All future withdrawals will be paid from those wallets.

Binance has not publicly matched each transfer to the new wallets. However, the exchange says it has replaced about 95% of the stolen assets.

Earlier coverage

• Binance to Resume XRP, Bitcoin, Ethereum and Other Crypto Withdrawals Nov 1
• FBI confirms North Korea linked to $6 billion Binance hack, urges blocking BTC, ETH, SOL Nov 1
• Binance says its top 10 user assets are fully backed after security incident Oct 31