Binance reopened withdrawals after the estimated $6.3 billion breach and reported $3.64 billion of net outflows, equal to 2.1% of its $171 billion in assets, while tracked rivals recorded $564 million of net inflows. The exchange stated that it had replenished roughly 95% of affected assets and that withdrawal volumes had eased following an initial surge, amid an FBI attribution of the attack to North Korea.
The relevant operational shift since the initial loss pledges is the transition from balance-sheet assurances to live redemption execution. While the outflow volume is material, Binance’s reported figures do not currently indicate an acute liquidity shortfall, though they highlight the substantial redemption pressure that follows a major centralized custody failure. Bitcoin traded at $78,315, up 1.08% over 24 hours, but the durability of the exchange's reserve stabilization cannot be independently confirmed without comprehensive post-reopening deposit and reserve accounting.
US spot Bitcoin ETFs recorded $643.2 million in net outflows on Friday, the first full trading session following the Binance breach, bringing total net outflows for October to roughly $516 million. The capital flight suggests that sentiment contagion from the exchange exploit extended into regulated investment wrappers rather than remaining isolated to offshore venues, though single-session flow data remains insufficient to confirm a sustained institutional retreat.
Exploit proceeds continued to disperse across decentralized rails: Chainalysis reported that perpetrators drained $500 million through Tron before moving funds onto Solana, while separate tracking identified $242 million laundered via Tron, including approximately $140 million routed off-chain through Relay, THORChain, Chainflip, and Symbiosis. The FBI's formal request for THORNode operators to block related addresses underscores intensifying regulatory pressure on cross-chain routing infrastructure, though discrepancies among on-chain estimates leave the precise volume and recovery prospects uncertain.