Tracked Binance wallets record $2.5 billion in outflows as withdrawals reopen after hack

Binance's tracked cryptocurrency wallets recorded $2,510 million in net outflows on Nov. 1 after the exchange resumed withdrawals following its $6.3 billion security breach.According to DeFiLlama data, the outflows included approximately $1,083 million in USDT, $912 million in Bitcoin, $385 million in USDC and $131 million in wrapped Ethereum.Binance Wallet Outflows on Nov. 1 After The Exchange Enabled Customer Withdrawals (Source: DeFiLlama)These outflows coincided with Binance's phased reopening of withdrawal services after the Oct. 29 attack, which the FBI attributed to North Korea's TraderTraitor hacking operation.Binance restores withdrawals as executives warn of possible congestionIn a Nov. 1 announcement, Binance said it was gradually restoring withdrawal access across 15 blockchain networks after completing additional security reviews.The exchange initially reopened withdrawals for Bitcoin, Ethereum, BNB Smart Chain, XRP and Base, then confirmed support for Dogecoin and Optimism.Other supported networks in the first phase include Solana, Tron, Arbitrum, Avalanche, Polygon, Zcash and Sui, with individual assets becoming available as security checks are completed.Binance co-f...