Binance saw a huge outpouring of withdrawals when it re-opened to customers on Sunday following a hack for the history books. The cryptocurrency exchange lost $6.3 billion, roughly $3 billion of which was frozen in transit and the rest covered by the company, but it lost a bunch more once it let customers take their money out on November 1.

Customers withdrew $4.649 billion from the exchange in just under 10 hours since it reopened. That's a whole lot of value to lose in a day, and not wholly surprising given the context, but what is more surprising is how many deposits were made in that same timeframe: roughly $1 billion worth.

"Withdrawals were temporarily suspended as a precaution while our teams worked to contain the incident loss, assess its impact, restore affected services, and complete security checks," Binance said of the move.

Users may face slowdowns as systems get back up and running, the company has said.

In later updates, Binance says that deposits into the exchange have begun to creep back up in excess of withdrawals; the total cashflow of the crypto exchange is still a net negative, at -$5 billion by November 3, but the withdrawals are no longer outpacing the deposits by any significant amount. It's still early days and a long way to go to make up for the initial loss in customer funds, but the exchange may still live to fight another day.

Withdrawal data updateBy 03:00 UTC, we are seeing hourly deposits exceed withdrawals, reflecting improving user activity and stabilizing flows.

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