Binance Resumes HYPE and APT Withdrawals Ahead of Schedule; BTC, ETH, and Stablecoin Reserves See Noticeable Decline After Hack

Binance announced on November 8 that it has resumed HYPE and APT withdrawals, earlier than previously promised. According to CryptoQuant data as of November 8, since before the October 29 hack incident, Binance’s BTC reserves have fallen from approximately 730k to 673.7k coins, a decrease of about 56k coins (7.7%); ETH reserves have dropped from roughly 3.48M to 3.08M, a decline of about 400k coins (11.5%); and Ethereum-chain stablecoin reserves have decreased from about $41B to $32B, a reduction of roughly $9B (22%).