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Binance customers pull $4.72 billion after record crypto hack

Published

3 November 2026

Topic

market

◆ Sectors

Crypto & Web3

◆ Geography

UAE

◆ Source

Read at gulfnews.com →

◆ Verified

Fusion42 · 4 November 2026 · Fusion42 review

Binance customers withdrew a net $4.72 billion following a record $6.3 billion crypto hack, though withdrawals have stabilised and the exchange claims to have replenished 95% of affected assets using company reserves.

This Wire brief sits within Fusion42's coverage of Crypto & Web3, and 24 sources have reported it between 31 Oct 2026 and 5 Nov 2026.

◆ ◆ The Wire takeaway

Your users are spooked but still some keep depositing despite the breach. Expect volatility in funds flow and prioritise proving stability to hold user trust after security failures.

◆ Coverage

24 sources · first reported 31 Oct 2026 · latest 5 Nov 2026

◆ Related on Wire

◆ Topics

Crypto & Web3binancecrypto-hackwithdrawalssecurity-breachstablecoins