BNB Rebounds Above $700 as Binance Inflows Return
The BNB token recovered on Tuesday after a sell-off tied to a $6.3 billion security breach at Binance, the exchange's native token.
Updated on Nov. 3, 2026 in Cybersecurity
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BNB rebounded above $700 on Tuesday after falling from highs above $760 on Thursday to lows near $680. Binance reported net hourly inflows as deposits exceeded withdrawals following the breach.
Why it matters
The sell-off reflected investor reaction to a security incident affecting roughly $6.3 billion at one of the largest crypto exchanges. The recovery signals that users are returning to the platform after Binance resumed withdrawals and contained the breach.
The breach affected approximately $6.3 billion, and Binance froze roughly $3 billion believed to have been siphoned by TraderTraitor, a North Korea-linked hacker group. BNB perpetual futures open interest stood at 1.74 million BNB on Tuesday, down from 1.95 million BNB the prior Friday, and the remaining losses are not fully characterized in the source.
The players
Binance
Binance is one of the world's largest cryptocurrency exchanges, operating the BNB token, and its total assets under management were $171 billion per its Proof of Reserves snapshot.
Changpeng Zhao
Changpeng Zhao is the founder of Binance and posted on X that the exchange is experiencing net hourly inflows following the breach.
TraderTraitor
TraderTraitor is a hacker group linked to North Korea that is believed to have siphoned assets in the Binance security breach.
The details
Binance resumed withdrawals on Sunday after containing the breach, and Changpeng Zhao said on X that the exchange is seeing net hourly inflows with deposits exceeding withdrawals. Binance announced it will cover the hack losses in full using its internal insurance fund and assets.
Timeline
Thursday: BNB peaked above $760 before declining.
Sunday: Binance resumed withdrawals after containing the breach.
Tuesday, November 3, 2026: BNB rebounded above $700 as net inflows returned.
Roadmap
Binance's decision to cover breach losses through its internal insurance fund and assets follows the pattern of large exchanges using reserve funds to restore user confidence after hacks. The recovery in BNB and net inflows suggest this approach is shaping how the market evaluates exchange security incidents.
Users holding BNB or using Binance should note that withdrawals have resumed and the exchange states it will cover the hack losses in full. Traders watching the token should track whether BNB holds the 200-day EMA near $692, since failure to hold support could reopen a deeper pullback.
The takeaway
Exchange security incidents can move token prices sharply, but rapid restoration of withdrawals and visible loss coverage can bring users back quickly. Watching net flows and key moving averages gives a clearer picture than the initial headline reaction.
Further reading
Explore more on Cybersecurity to see how exchange breaches and hacker groups are tracked across the industry.
Source note: This article includes information reported by FXStreet.
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