Binance withdrawal watch

Post-hack outflows vs reserves, auto-refreshes every 5 min · built 2026-11-01 14:05 UTC · not financial advice

Net drain since reopen

-$3.1B

-2.3% of reserves

Reserves now

$131.6B

on-chain, ex-BNB

Stables left

$43.7B

-$2.0B (-4.4%)

BTC held

630,244

-14,804 BTC

Run meter

Calm

DefiLlama · 11:45 UTC

Is $2.5B a lot?

Not for Binance. Withdrawals reopened Nov 1 after the Oct 29 hack ($6.36B hit, ~$3B frozen, rest covered from SAFU and company reserves). Since then about $3B net has left, roughly 2% of ~$134B. That's a normal busy day for the biggest exchange, not a run. The number to watch is stablecoins: that's the cash people actually pull in a panic, and it's down ~4%.

How much is too much?

WatchNet outflow vs reserves, rolling 24h to 72h

Under 5%

Calm, normal stress

Under ~$7B total, stables under ~$2.5B/day. Where we are now.

5% to 10% in a few days

Heavy, watch closely

$7B to $13B. Dec 2022 level (FUD wave, ~$6B in a week), Binance paid it out fine.

Over 15% or any pause

Run territory

$20B+ or stables down $7B+, slow or halted withdrawals, BTC or stables leaving faster than they're replaced.

These bands are our rule of thumb, not an official metric. The real red flag is never one number, it's withdrawals getting slow or paused while outflows keep growing. FTX died because its reserves weren't really there; Binance's are on-chain and visible.

Reserves, last 30 days ($B)

Is there proof of funds?

Partly. Binance publishes a monthly Proof of Reserves (Merkle tree plus zk proof) showing assets cover user balances per coin, and you can check your own balance is included. DefiLlama tracks the reserve wallets live, which is what this page reads. The catch is the liability side is self-reported and it isn't a full audit, so it proves the coins exist, not that nothing else is owed.

Binance PoR · DefiLlama Binance · 0xngmi post

Timeline

Oct 29 UTC

Hack, ~$6.36B taken

Infra compromise, no key leak per Binance. Reserves fell ~8% that day.

Oct 30 to 31

~$3B frozen, losses covered

SAFU plus company reserves; withdrawals stayed shut.

Nov 1 ~06:00 UTC

Withdrawals reopen

~$2.5B to $3.6B gross out in the first hours, small inflows back.