Binance Users Withdraw $4.4 Billion on First Day of Resumed Withdrawals

Binance users withdrew about $4.4 billion in crypto by 7:50 a.m. ET Sunday as the exchange reopened withdrawals after a pause of more than two days.

The gross total included 19,569 Bitcoin (BTC), worth about $1.5 billion, and 154,147 Ether (ETH), valued at roughly $360 million. It also included $1.96 billion in USDT and $557 million in USDC. Binance began restoring withdrawals in stages at 1:20 a.m. ET Nov. 1, with all 15 networks in its first batch back online by 7:30 a.m.

A separate wallet-balance calculation showed a net reduction of about $3.75 billion from 8 p.m. ET Oct. 31 to 8:29 a.m. ET Nov. 1, after counting assets deposited during that period. Tracked Binance wallets held about $134.7 billion at the beginning of the interval, putting the decline at roughly 2.8% of starting assets.

The $4.4 billion figure counts gross withdrawals across the listed assets, while the $3.75 billion figure measures net wallet changes over a different time window and tracking scope.