$2 Billion Moves in the First 3 Hours After Binance Reopens Withdrawals
Crypto tracker Whale Alert flagged about $2 billion in Bitcoin (BTC), Ethereum (ETH) and dollar-pegged stablecoins leaving Binance inside roughly three hours of the trade reopening withdrawals Sunday. Binance says it now pays out each withdrawal from brand-new wallets.
Binance froze withdrawals after attackers took about $6.3 billion on October 29. For clients locked out since then, and for Bitcoin holders hoping for a aid rally, the query is whether or not this cash is leaving or being reshuffled.
Who Moved $2 Billion Out of Binance?
Whale Alert posts present 10,000 BTC value about $779 million, almost $1 billion in Tether (USDT), $200 million in USD Coin (USDC), and 30,000 ETH value $68 million.
The tracker despatched every one from Binance to an “unknown pockets.”
Binance stated Sunday it had added newly generated addresses to its proof-of-reserves listing, the public set of wallets it says maintain buyer property. All future withdrawals can be paid from these wallets.
Binance has not publicly matched every switch to the new wallets. However, the trade says it has changed about 95% of the stolen property.
Why Has the Promised Sunday Rally Not Arrived?
Late Friday, about 34 hours earlier than Binance reopened withdrawals, crypto commentator Ted Pillows advised his followers the restart would push costs up.
“Binance targets to begin resuming the withdrawal service inside roughly 34 hours. This will trigger a Sunday pump,” Pillows indicated.
So far, no rally, only a modest 1.05% uptick in the final 24 hours with the pioneer crypto buying and selling for $78,122 as of this writing. That is beneath the $79,000 degree it lost on hack day. Investors additionally pulled $643 million from Bitcoin ETFs a day after the hack.
After Bybit misplaced about $1.5 billion in February 2025, Bitcoin fell about 3% and ETH about 7% inside hours, Kaiko (*3*) confirmed. Bybit cleared its withdrawal queue in about 12 hours. Bitcoin later hit a record $126,080 in October 2025.
Whether Bitcoin repeats that restoration is contested. Analyst Charles Edwards owns no Bitcoin after the Binance hack, whereas Giovanni Santostasi and Benjamin Cowen pushed again on his stance in BeInCrypto’s expert roundup.
What Is Still Locked on Binance?
Only part one, masking 15 networks, is open. Co-founder Yi He stated different wallets nonetheless face safety audits, with no agency reopening date.
Meanwhile, Binance has put aside greater than $6.34 billion of its personal cash to cowl the losses, in keeping with AFP.
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