Blockchain
Live updates: Binance records $6 billion outflows after starting withdrawals, less then 4% of total holdings
Publication: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Author: Shaurya Malwa
Source published: 02/11/2026, 08:49:30 UTC
Briefing created: 02/11/2026, 08:56:15 UTC
Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 02/11/2026, 08:55:24 UTC.
Briefings
Binance reported $6 billion in outflows following a 45-hour withdrawal freeze triggered by a $6.3 billion theft. Rival exchanges received deposits as customers accessed funds. The event occurred in November 2026, with total holdings remaining less than 4% of the platform's value.
Key points
- Binance reported $6 billion in outflows following a 45-hour withdrawal freeze triggered by a $6.3 billion theft.
- Rival exchanges received deposits as customers accessed funds after the freeze period ended.
Context
This event occurred in November 2026, marking a significant liquidity event for the cryptocurrency exchange platform.
Limitations
Evidence is limited to the reported theft amount and withdrawal freeze duration; total holdings value is not specified beyond the 4% threshold.
Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 02/11/2026, 08:56:15 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.
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