Binance plans to restore HYPE and other token withdrawals by end of next week
Binance is working to resume withdrawals for HYPE, INJ, APT, PLASMA, NEAR, and LTC by the end of next week as part of its phased recovery following a security incident.
Binance announced it is targeting the end of next week to reopen withdrawals for several tokens, including Hyperliquid (HYPE), Injective (INJ), Aptos (APT), Plasma (PLASMA), NEAR Protocol (NEAR), and Litecoin (LTC). The exchange also aims to enable withdrawals for all tokens hosted on networks that have already been restored, such as BNB Chain (BSC), Ethereum (ETH), Polygon (MATIC/POL), Arbitrum (ARB), and Optimism (OP).[1][2][3]
The platform has been bringing withdrawal services back online in phases, evaluating each step with security checks and prioritizing assets based on recent user demand, according to Crypto Banter. The suspension of HYPE withdrawals had drawn questions from traders after the token was not among the assets stolen during the recent hack.[3]
The recovery effort covers both Layer-1 and Layer-2 networks that have been preliminarily secured. Binance is working through extended downtime prompted by security concerns to release trapped user funds.[1]
Key facts
- Binance is working to reopen withdrawals for HYPE, INJ, APT, PLASMA, NEAR, and LTC by the end of next week.
- The exchange aims to restore withdrawals for all tokens on networks already back online by the end of next week, including BSC, ETH, MATIC/POL, ARB, and OP.
- HYPE withdrawals were halted even though the token was not among the assets taken during the hack.
- Binance has been reopening withdrawals in phases based on security reviews and user demand.
- Asset recovery includes preliminarily secured Layer-1 and Layer-2 protocols such as BNB Chain, Ethereum, Polygon, Arbitrum, and Optimism.
Sources · 3 sources
- BS
BSCN@BSCNewsPost on X ·
Binance to Reopen Withdrawals for LTC, HYPE, INJ and More... @Binance is reportedly working hard to recover users' trapped tokens. The goal is to allow withdrawals for @HyperliquidX ($HYPE), @Injective ($INJ), @Aptos ($APT), @Plasma ($PLASMA), @NEARProtocol ($NEAR), and @Litecoin ($LTC) within the next week. In addition, asset recovery involves Layer-1 and Layer-2 protocols that have been preliminarily secured, including @BNBChain, @Ethereum, @0xPolygon, @Arbitrum, and @Optimism. The team is working to enable free token withdrawals after a long downtime due to security concerns.
Open source - DN
DEGEN NEWS@DegenerateNewsPost on X ·
NEW: @binance SAYS IT'S WORKING TO REOPEN $HYPE WITHDRAWALS BY THE END OF NEXT WEEK THE SAME WINDOW COVERS $INJ, $APT, $PLASMA, $NEAR AND $LTC, AND IT AIMS TO REOPEN ALL TOKENS ON ALREADY RESTORED NETWORKS BY THEN https://t.co/ggVwySD6B9
Open source - CB
Crypto Banter@crypto_banterPost on X ·
🚨BINANCE SAYS HYPE WITHDRAWALS SHOULD REOPEN BY END OF NEXT WEEK! $HYPE withdrawals were paused even though the token wasn’t among the assets taken in the hack, which left some users questioning the delay. @binance has been restoring withdrawals in phases after security checks and based on recent demand. The exchange now says it’s working to reopen withdrawals for $HYPE, $INJ, $APT, $PLASMA, $NEAR, and $LTC by the end of next week. It also aims to restore all tokens on networks that are already back online by then.
Open source