{"id":73998,"date":"2026-11-02T07:08:14","date_gmt":"2026-11-02T11:08:14","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/binance-outflows-hit-4-7-billion-following-record-cyberattack-geopolitical-tensions-rise-in-middle-east\/73998\/"},"modified":"2026-11-02T07:08:14","modified_gmt":"2026-11-02T11:08:14","slug":"binance-outflows-hit-4-7-billion-following-record-cyberattack-geopolitical-tensions-rise-in-middle-east","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/binance-outflows-hit-4-7-billion-following-record-cyberattack-geopolitical-tensions-rise-in-middle-east\/73998\/","title":{"rendered":"Binance Outflows Hit $4.7 Billion Following Record Cyberattack; Geopolitical Tensions Rise in Middle East"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Binance processed $4.7 billion in gross withdrawals<\/strong> on Sunday after reopening services following a massive <strong>$6.3 billion hack<\/strong>, resulting in a net outflow of approximately <strong>$3.64 billion<\/strong>.<\/li>\n<li><strong>Gazprom (<a href=\"\/stock\/GAZP\">GAZP<\/a>) set a new daily record<\/strong> for natural gas exports to China via the <strong>Power of Siberia<\/strong> pipeline, as Russia continues to pivot its energy trade toward Asian markets.<\/li>\n<li><strong>Saudi Arabia issued an &quot;all-clear&quot;<\/strong> for the southern region of <strong>Najran<\/strong> after air defenses successfully intercepted a Houthi-launched ballistic missile.<\/li>\n<li><strong>Russia&#39;s Foreign Ministry expressed &quot;extreme concern&quot;<\/strong> over reports of planned new military actions against <strong>Iran<\/strong>, warning that further escalation could lead to a regional catastrophe.<\/li>\n<\/ul>\n<h2>Binance Faces Multi-Billion Dollar Outflow Post-Hack<\/h2>\n<p>Binance, the world\u2019s largest cryptocurrency exchange, saw clients withdraw a gross total of <strong>$4.7 billion<\/strong> on Sunday, November 1, immediately after the platform resumed withdrawal services. The reopening followed a 48-hour suspension triggered by a <strong>$6.3 billion cyberattack<\/strong> on October 29, which the FBI has attributed to North Korean-linked hackers.<\/p>\n<p>Despite the high withdrawal volume, Binance reported a net outflow of <strong>$3.64 billion<\/strong> after accounting for <strong>$1.01 billion<\/strong> in new deposits. The exchange emphasized that these outflows represent only <strong>2.1% of its $171 billion in assets under management<\/strong>. Former CEO <strong>Changpeng Zhao<\/strong> noted on social media that volumes began to stabilize quickly after an initial surge, with the exchange pledging to absorb all losses from the hack.<\/p>\n<h2>Gazprom Hits Export Milestone via Power of Siberia<\/h2>\n<p>Russian energy giant Gazprom (<a href=\"\/stock\/GAZP\">GAZP<\/a>) announced that daily gas deliveries to China reached an all-time high on October 31. The record-breaking volumes were delivered via the <strong>Power of Siberia<\/strong> pipeline, which is currently operating at its planned maximum design capacity of <strong>38 billion cubic meters (bcm) per year<\/strong>.<\/p>\n<p>The surge in exports comes as Gazprom (<a href=\"\/stock\/GAZP\">GAZP<\/a>) and China&#39;s <strong>CNPC<\/strong> recently agreed to increase annual supplies to <strong>44 bcm<\/strong>. Russia has become China&#39;s top supplier of natural gas, providing roughly one-third of the country&#39;s total imports. <em>Market analysts suggest this continued expansion underscores Russia\u2019s strategic shift away from European markets in favor of long-term bilateral agreements with Beijing.<\/em><\/p>\n<h2>Saudi Arabia Intercepts Missile; Tensions Persist in Najran<\/h2>\n<p>Saudi Arabian authorities announced that the &quot;danger has passed&quot; in the southwestern province of <strong>Najran<\/strong> following a brief period of high alert. The Saudi-led coalition confirmed that its air defense systems intercepted and destroyed a <strong>ballistic missile<\/strong> launched by Houthi forces in Yemen targeting the southern region.<\/p>\n<p>The incident caused temporary disruptions and triggered alerts via the <strong>National Early Warning Platform<\/strong>, urging residents in Najran and Jazan to seek shelter. While the &quot;all-clear&quot; has been issued, the region remains on edge as Houthi forces continue to target civilian infrastructure and energy facilities, including the <strong>400,000-barrel-per-day Jazan refinery<\/strong>.<\/p>\n<h2>Russia Warns Against New Military Action in Iran<\/h2>\n<p>The Russian Foreign Ministry, via the <strong>TASS<\/strong> news agency, issued a stern warning regarding &quot;signals&quot; of planned new military operations against <strong>Iran<\/strong>. Moscow described the potential for renewed strikes as a source of &quot;extreme concern,&quot; suggesting that such actions would violate existing memorandums and undermine diplomatic efforts to resolve nuclear tensions.<\/p>\n<p>The statement follows reports of intensified military preparations in the region involving U.S. and Israeli forces. Russia, a key partner of Tehran, argued that the build-up of military presence in the Gulf risks a &quot;humanitarian and economic catastrophe.&quot; <em>Diplomatic sources indicate that the Kremlin is closely monitoring the situation as it seeks to maintain its influence in the Middle East while managing its own ongoing conflict in Ukraine.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Binance processed $4.7 billion in gross withdrawals on Sunday after reopening services following a massive $6.3 billion hack, 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