CRYPTO
Binance net outflows reach $5.3 billion after record hack. CEO says recovery underway
CoinDeskTuesday, November 3, 2026 at 12:57 PM
RedScroll Brief
Nearly $11 billion left the exchange over 46 hours, although CEO Richard Teng said hourly deposits were beginning to exceed withdrawals.
RedScroll Signal
- Impact
- High
- Category
- Crypto
- Market relevance
- High
- Why it matters
- Crypto moves are a live stress test of liquidity, regulation, and narrative risk. Nearly $11 billion left the exchange over 46 hours, although CEO Richard Teng said hourly deposits were beginning to exceed withdrawals. Watch liquidity and volatility around Binance and Crypto — crypto markets reprice narrative risk quickly.
Desk copy
RedScroll Briefing
Extractive editorial brief — not a reprint of the original
What happened
Nearly $11 billion left the exchange over 46 hours, although CEO Richard Teng said hourly deposits were beginning to exceed withdrawals.
Why it matters
Crypto moves are a live stress test of liquidity, regulation, and narrative risk.
Background
CoinDesk reported on this under crypto. RedScroll surfaces the signal with an extractive brief — not a reprint of the original article. Read the source for full reporting.
Timeline
CoinDesk published: Binance net outflows reach $5.3 billion after record hack. CEO says recovery underway
Story is in today’s RedScroll edition. Follow the original source for updates.
Economic impact
Watch liquidity and volatility around Binance and Crypto — crypto markets reprice narrative risk quickly.
More on
Binance
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Source
CoinDesk
Original reporting by CoinDesk. RedScroll provides an extractive briefing only.