Here’s How Much Binance Users Withdrew as Bitcoin Bulls Spot an FTX-Era Signal

Binance resumed withdrawals at 06:00 UTC after a $6.3 billion hack on Friday. Users withdrew $4.649 billion between 06:00 and 15:30 UTC and deposited $1.01 billion, for net outflows of about $3.64 billion, or 2.1% of its $171 billion in assets under management based on October 28 Proof of Reserves data. Binance said all 15 networks and assets in the initial phase were operational within five hours and it is testing the rest before the next phase. The hack pushed Bitcoin from $81,000 to a six-week low of $76,000 and triggered $1.5 billion in liquidations; Binance pledged to absorb losses and said it replenished about 95% of affected assets. Bitcoin traded near $78,000 as analysts drew post-FTX comparisons.