Binance rolls out second phase of withdrawals following multibillion-dollar hack
Binance has launched a phased resumption of withdrawals across multiple blockchains as security checks wrap up after a reported hack of more than $6 billion.
Binance launched the second phase of its withdrawal restoration at 4:00 UTC on Nov. 3, unlocking dozens of assets across networks including BSC, Ethereum, Solana, Arbitrum, Optimism, Sui, TRON, and Base. The move comes as the exchange works to recover from a hack reported at more than $6 billion, following an initial round of withdrawal reopenings on Sunday.[1][2][5][8][10]
The exchange is rolling out access gradually as security checks are completed for each token and network pairing, prioritizing assets based on user demand over the past week. Major assets reopened across supported networks include Bitcoin, Ether, XRP, Solana, Dogecoin, Chainlink, Cardano, Litecoin, and Shiba Inu, as well as several stablecoins such as RLUSD, USD1, TUSD, FDUSD, and XUSD.[5][7][9][10]
According to Binance co-founder Yi He, withdrawals were re-enabled for 34 additional Ethereum assets, including ENA, STRK, and USDE, and 22 Solana tokens, including PUMP, JUP, BONK, WIF, and TRUMP.[4]
Amid the aftermath of the security breach, Binance founder Changpeng Zhao argued in an interview with Talking Tokens that financial firms must heavily adopt artificial intelligence to counter increasingly sophisticated cyber threats. Zhao noted that hacking speeds will accelerate due to AI advances and called for an industry alliance to share intelligence and freeze illicit funds faster.[3][6]
Key facts
- Binance began reopening withdrawals across networks including BSC, Ethereum, Solana, Sui, Arbitrum, Optimism, TRON, and Base at 4:00 UTC on Nov. 3.
- The phased reopening follows an exploit reported by media outlets to exceed $6 billion.
- Binance prioritized tokens based on user demand over the past week and made them available gradually as security checks were completed.
- Binance co-founder Yi He announced that withdrawals were re-enabled for 34 additional Ethereum assets and 22 Solana tokens.
- Binance founder Changpeng Zhao called for financial institutions to embrace AI defenses and establish an industry alliance to share lessons and freeze stolen funds.
Sources 路 9 sources
- CO
Cointelegraph@CointelegraphPost on X 路
馃毃 UPDATE: Binance will reopen withdrawals for more assets across BSC, Ethereum, Solana and other networks from 04:00 UTC today, as it recovers from last week鈥檚 $6.3B hack. https://t.co/kKExRv5Hme
Open source - AC
ABC Columbia@abc_columbiaPost on X 路
The world's largest crypto-exchange is once again allowing withdrawal, and this comes just days after hackers stole more than $6 billion. https://t.co/GrW9WazGM9
Open source - TB
The Block@TheBlockCoPost on X 路
THE BLOCK: Amid the $6 billion Binance hack, Changpeng Zhao said companies need AI-based defenses and an industry alliance to share lessons and freeze stolen funds faster. "The speed of hacking is going to pick up because of AI capabilities [being] so strong now. At the same time, we've got to use more AI to defend," Zhao told Talking Tokens on Tuesday. "The only way to fight a monster is to kind of become that monster."
Open source - DN
DEGEN NEWS@DegenerateNewsPost on X 路
NEW: @binance CO-FOUNDER @heyibinance SAYS WITHDRAWALS ARE RE-ENABLED FOR 34 MORE ETHEREUM ASSETS AND 22 SOLANA TOKENS INCLUDING $ENA, $STRK, $SHIB, $PUMP, $JUP, $BONK, $WIF, $PENGU, $TRUMP, $RAY, $JTO AND $RENDER https://t.co/ugXYvAmcCK
Open source - BS
BSCN@BSCNewsPost on X 路
Binance Brings Back Withdrawals For LINK And SHIB Binance (@binance) reopened withdrawals for additional assets across nine networks from 04:00 UTC on November 3. The list includes $BTC, $ETH, $XRP (@XRP), $SOL (@solana), $DOGE (@dogecoin), $LINK (@chainlink), $ADA (@Cardano), $LTC (@litecoin) and $SHIB. Withdrawals will also resume for selected assets on $SUI (@SuiNetwork), Arbitrum $ARB (@arbitrum), Optimism $OP (@Optimism), TRON $TRX (@trondao) and Base (@base). The reopening will happen gradually as security checks are completed. Binance says more assets will follow as they become ready.
Open source - CO
CoinDesk@CoinDeskPost on X 路
INSIGHT: @cz_binance is bullish on AI as a security tool. The @Binance founder says financial institutions need to embrace it to counter more advanced threats. https://t.co/ZKZCa04jwT
Open source - CN
crypto.news@cryptodotnewsPost on X 路
JUST IN: Binance restores Ethereum withdrawals for five stablecoins The exchange has restored $RLUSD, $USD1, ethereum:0x0000000000085d4780b73119b644ae5ecd22b376, $FDUSD and $XUSD withdrawals, with additional assets and networks set to return in phases after security checks. https://t.co/IyF87smgH9
Open source - CT
Coin TelegraphArticle 路
Binance begins second withdrawal phase, exchange outflows slow The exchange says additional assets will become available for withdrawal from 04:00 UTC on Tuesday as security checks are completed, following an initial reopening on Sunday.
Open source - CO
CoinGecko@coingeckoPost on X 路
JUST IN: Binance restores withdrawals on Ethereum for $RLUSD, $USD1, $TUSD, $FDUSD, and $XUSD. Additional assets and networks to roll out in phases following the completion of security checks. https://t.co/GgDXlqE9Vu
Open source - TB
The Block@TheBlockCoPost on X 路
THE BLOCK: Binance will reopen withdrawals for dozens of assets across BSC, Ethereum, Solana, XRP, Sui, Arbitrum, Optimism, TRX, and Base networks, starting at 4:00 UTC on Nov. 3. The announced assets will be reopened in phases. Binance said it is prioritizing tokens based on user demand over the past week.
Open source