How much did Binance lose to the hack reported by CNBC?

The FBI attributed a US $6.3 billion hack to North Korean hackers, according to CNBC. Binance said it would absorb the losses and had covered around 95% of the impacted amount, with the remaining 5% in less liquid tokens still being sourced.

What were Binance's total net outflows after the hack?

Binance recorded US $3.64 billion in net outflows on 1 November 2026, representing 2.1% of its US $171 billion in total assets, according to CNBC.

Will the Binance hack affect crypto and fintech hiring?

High-profile security breaches typically increase demand for cybersecurity, compliance and risk professionals. The scale of the Binance incident, as reported by CNBC, suggests exchanges and fintech firms may expand security and audit teams.

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Binance Sees $3.64B Outflows After $6.3B Hack

Invisipilot Team · 2 Nov 2026, 08:30 IST

Written with AI assistance from the cited sources

Binance, the global cryptocurrency exchange, recorded net outflows of US $3.64 billion on 1 November 2026 after reopening withdrawals following a US $6.3 billion hack, according to CNBC. The exchange processed US $4.65 billion in withdrawals against US $1.01 billion in deposits in roughly nine hours. The outflows represented about 2.1% of Binance's total assets of US $171 billion. Binance said it would absorb the stolen funds rather than pass losses to users, and had covered around 95% of the impacted amount by the time of the report.

Key points

Binance recorded US $3.64 billion in net outflows on 1 November 2026 after reopening withdrawals following a hack, according to CNBC.
The exchange processed US $4.65 billion in withdrawals and US $1.01 billion in deposits in roughly nine-and-a-half hours, CNBC reported.
Net outflows represented 2.1% of Binance's total assets of US $171 billion, based on proof-of-reserves data from 28 October.
The US FBI attributed the US $6.3 billion hack to North Korean hackers operating under a scheme called TraderTraitor, per CNBC.
Binance said it had covered around 95% of the impacted amount and would not pass losses on to users, according to CNBC.
Takeaway: The breach and resulting outflows are likely to increase hiring demand for cybersecurity, compliance and risk professionals at crypto and fintech firms globally.

Source: CNBC, 2 Nov 2026

What Happened

Binance, one of the world's largest cryptocurrency exchanges, reopened withdrawals on 1 November 2026 after suffering what CNBC described as a record US $6.3 billion hack the previous week. The US Federal Bureau of Investigation attributed the attack to North Korean hackers operating under a scheme identified as TraderTraitor, according to the report.

The Numbers

In the roughly nine-and-a-half hours after withdrawals resumed, Binance processed US $4.65 billion in withdrawals and received US $1.01 billion in deposits, producing net outflows of US $3.64 billion, CNBC reported. That figure represented 2.1% of the exchange's total assets of US $171 billion, based on proof-of-reserves data from 28 October. Binance said withdrawal volumes declined and were stabilising after an initial spike, while deposit volumes remained substantial. The exchange said it had covered around 95% of the impacted amount, up from 90% in an earlier update, with the remaining 5% consisting of less liquid tokens that would take longer to source.

Context and Reaction

Binance said it would absorb the financial impact of the stolen funds rather than pass losses on to users. The exchange's founder and former chief executive, Changpeng Zhao, posted on X that "98% choose to stay" and noted that most net outflows occurred within the first couple of hours after withdrawals resumed. Withdrawals were restored in phases across 15 networks and assets, with testing continuing for remaining networks, according to CNBC.

Why It Matters for Job Seekers

A high-profile security breach and large-scale outflows at a major crypto exchange can reshape hiring priorities and job availability across the sector worldwide.

If you work in or are applying to cybersecurity roles, consider that incidents of this scale typically drive increased demand for security engineers, incident-response specialists and compliance professionals at crypto firms and financial technology companies.
If you are a fresher targeting blockchain or fintech roles, consider that regulatory scrutiny following major hacks often leads exchanges to expand legal, risk and audit teams, creating entry-level openings in those functions.
If you are an experienced hire in financial services, consider that institutional confidence in crypto platforms is sensitive to security events, which can affect headcount plans at firms with significant crypto exposure.
If you are job-seeking in the broader technology sector, consider that high-profile hacks raise demand for professionals skilled in digital-asset security, fraud detection and crisis communications across industries beyond crypto.

Audience note: This story affects job seekers worldwide, particularly those targeting roles in cryptocurrency exchanges, fintech, cybersecurity and financial services.

Frequently asked questions

How much did Binance lose to the hack reported by CNBC?: The FBI attributed a US $6.3 billion hack to North Korean hackers, according to CNBC. Binance said it would absorb the losses and had covered around 95% of the impacted amount, with the remaining 5% in less liquid tokens still being sourced.
What were Binance's total net outflows after the hack?: Binance recorded US $3.64 billion in net outflows on 1 November 2026, representing 2.1% of its US $171 billion in total assets, according to CNBC.
Will the Binance hack affect crypto and fintech hiring?: High-profile security breaches typically increase demand for cybersecurity, compliance and risk professionals. The scale of the Binance incident, as reported by CNBC, suggests exchanges and fintech firms may expand security and audit teams.