“98% chose to stay” on Binance: here is the outcome of the massive hack that shook the entire world of cryptocurrencies

After the massive hack it suffered at the end of the week, Binance is once again authorizing withdrawals and taking stock.

Following the massive hack it suffered, the cryptocurrency exchange Binance once again allowed its users to withdraw their assets on November 1. And according to the report published by the company the same day, there was no massive exodus of customers, despite the scale of this hack. “After a strong initial increase, withdrawal volumes have decreased and stabilized as expected, while deposit volumes have remained significant,” it indicates.

In the hours after withdrawals were reinstated, Binance recorded $4.649 billion in withdrawals, but also $1.01 in deposits. Net asset outflows were therefore only $3.64 billion, representing 2.1% of all assets the platform manages. For Changpeng Zhao, the co-founder and CEO of Binance, this is good news. “Twelve hours after withdrawals resumed: net outflow of 2.1%, most of which took place in the first two hours […]. 98% choose to stay!” , he rejoiced on the social network

12 hours after withdrawals summarized: 2.1% net outflow, with most occurring in the first couple of hours. Over $1 billion in flow, too.

Trust isn’t earned by what you say in good times. It’s earned by what you do in hard times.

While still investigating the incident, Binance had already announced that it would cover all losses.

Furthermore, while the hackers were able to siphon off more than $6 billion, a large portion of these funds were frozen elsewhere (for example, by stablecoin issuers). And the FBI is also asking private actors to block all transactions linked to a list of addresses suspected of being associated with this massive hack.

In addition, before restoring withdrawals on its platform, Binance also announced that it has already covered $6 billion of the amount affected by the hack. Customers were therefore rather reassured.

Update: We have already covered $6B of the impacted amount of the hacked loss. https://t.co/WOHKdQLiSG

Binance does not denounce any culprits. But the FBI accuses, for its part, North Korea of ​​being at the origin of this cryptocurrency hacking. “The Federal Bureau of Investigation (FBI) releases information indicating that the Democratic People's Republic of Korea (North Korea) is allegedly responsible for the theft of more than US$6 billion in virtual assets from the Binance cryptocurrency exchange on or about October 29, 2026,” read a statement published on October 31.

The FBI is releasing information advising the Democratic People's Republic of Korea (North Korea) was responsible for the theft of more than $6 billion USD in virtual assets from cryptocurrency exchange, Binance, on or about October 29, 2026. The FBI refers to this specific North… pic.twitter.com/TBUvUFln4n

Machine-translated from French