Binance resumes crypto withdrawals in phases following 6.3 billion dollar exploit
Binance has started reopening withdrawals in phases across 15 networks after replenishing 95% of the estimated $6.3 billion stolen in a recent cyber heist.
Binance began restoring customer withdrawals in phases on Sunday, marking the exchange's first reopening of outbound transfers since suffering a massive $6.3 billion exploit. The initial phase was scheduled to begin between 06:00 and 09:00 UTC, while customer deposits remained operational throughout the incident.[9][7][2][8][12]
The exchange announced it has covered approximately 95% of the affected funds using its own reserves, stating that users will not absorb any losses. According to reports cited by Techmeme and businessline, the attack ranks among the largest digital heists recorded, with the FBI attributing the theft to North Korea. Major assets including BTC, ETH, USDT, BNB, and SOL have been restored to 100% reserve backing, while the remaining 5% of the shortfall consists of less liquid tokens that the exchange is still acquiring.[8][12][13][15][1]
The phased rollout began with the Bitcoin network before progressively expanding to supported networks as individual security checks concluded. Binance quickly enabled withdrawals across networks including Ethereum, BNB Smart Chain, Solana, and Base, restoring access to assets such as ETH, BNB, SOL, XRP, USDC, and USDT across 15 designated phase-one chains.[16][14][5][4][3][8][10]
Key facts
- Binance initiated a phased reopening of customer withdrawals with an initial window scheduled between 06:00 and 09:00 UTC on November 1.
- The withdrawal halt followed an exploit in which hackers attempted to drain approximately $6.3 billion from Binance.
- Binance stated that it replenished about 95% of the stolen assets, committing to absorb all losses so no users bear the cost.
- The remaining 5% of affected balances consists of less liquid tokens that Binance is continuing to acquire.
- Withdrawals reopened first on the Bitcoin network before extending to 15 networks including Ethereum, BNB Smart Chain, Solana, and Base.
- Deposits on the platform remained operational and were not paused during the withdrawal suspension.
Sources · 15 sources
- KO
kook@KookCapitalLLCPost on X ·
binance withdrawals are open again $btc went first then $eth and $bnb with stables..... every withdrawal now comes from brand new wallets 95% of the $6.3b got covered with binances own money the other 5% is coins too illiquid to buy back yet if we see calm outflows today then binance just survived the biggest hack ever
Open source - BL
Bloomberg@businessPost on X ·
Binance said it would resume withdrawals in phases on Sunday, two days after hackers attempted to drain more than $6 billion from the crypto exchange in the biggest cyber theft ever recorded https://t.co/7NnimtxicB
Open source - DN
DEGEN NEWS@DegenerateNewsPost on X ·
NEW: @binance HAS RE-ENABLED WITHDRAWALS FOR $BTC, $ETH, $USDT, $USDC, $BNB AND $XRP ACROSS THE BITCOIN, ETHEREUM, BSC, XRP AND @base NETWORKS MORE ASSETS AND NETWORKS WILL BE RESTORED "IN PHASES AS SECURITY CHECKS ARE COMPLETED" https://t.co/byzVtnLvvV
Open source - DN
DEGEN NEWS@DegenerateNewsPost on X ·
NEW: @binance HAS RE-ENABLED $SOL WITHDRAWALS ON SOLANA, ALONG WITH $USDT AND $USDC https://t.co/GrFLAjOgWm
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🚨 UPDATE: Binance has restored $USDC, $USDT and $ETH withdrawals on Ethereum and $USDC, $USDT and $BNB withdrawals on BNB Smart Chain, following the earlier reopening of $BTC withdrawals. https://t.co/6nhJjPBtNp
Open source - BT
Bull Theory@BullTheoryioPost on X ·
BREAKING: Binance will resume withdrawals in phases today between 06:00 and 09:00 UTC following the largest hack in crypto history worth $6.3 BILLION. Binance has replenished 95% of affected assets, with major tokens now backed by 100% reserves. https://t.co/tCT1AK2b2t
Open source - WG
Watcher.Guru@WatcherGuruPost on X ·
JUST IN: Binance to resume withdrawals in phases within the next few hours for the first time following $6.3 billion hack.
Open source - CB
Coin Bureau@coinbureauPost on X ·
⚡️JUST OUT: Binance announced to RESUME withdrawals in phases TODAY, starting between 06:00 and 09:00 UTC. Access will reopen progressively as each asset and network completes security checks. Temporary delays are expected. "PHASE ONE" covers 15 networks, including Bitcoin, Ethereum, BNB Smart Chain and Solana. Ten major digital asset balances are fully backed, according to Binance. Deposits remain open. Binance says it will absorb all losses, with NONE passed on to users. The exchange reassured that it has covered about 95% of the amount impacted by the exploit.
Open source - TN
Tree News@TreeNewsFeedPost on X ·
[🌲] BINANCE TO RESUME WITHDRAWALS IN PHASES WITH FIRST PHASE STARTING BETWEEN 06:00-9:00 AM UTC: BLOG
Open source - DE
Decrypt@DecryptMediaPost on X ·
Binance Reopens Withdrawals, Says It Has Covered About 95% of Losses. Bitcoin network withdrawals reopened first, followed by ETH, USDT and USDC on Ethereum and BNB, USDT and USDC on BNB Smart Chain, with more assets and networks to return in phases after security checks. https://t.co/5zFCiElGEw
Open source - MA
Maran@TheMaranPost on X ·
how to withdraw from binance the play: check phase 1 list > pick the right network > verify on the status page before you hit withdraw > first steps - open the official announcement or network status page - phase 1 starts today between 6 - 9 utc - deposits never closed. only withdrawals were paused - don’t rush the first minutes. traffic will be high > phase 1 networks & assets - btc: btc - eth: eth, usdt, usdc - bsc: bnb, usdt, usdc - trx: trx, usdt - sol: sol, usdt, usdc - xrp: xrp - zec: zec - doge: doge - ton: usdt, gram - polygon: pol, usdt, usdc - avax: avax, usdt, usdc - arbitrum: eth, usdt, usdc, arb - base: eth, usdc - optimism: eth, usdt, usdc - sui: sui > best tokens to pull first - usdt or usdc on bsc / trx / sol (lowest fees, fastest) - native btc, eth, bnb, sol, xrp, doge - only use networks that match your receiving wallet - skip anything not on the list. later phases come later > how to check if it’s open > go to: https://t.co/8tZbqEB1Pi (live status) - btc withdrawal ongoing now - go to withdraw page > select asset + network - follow @binance / @heyibinance for progressive updates - if withdraw fails, wait and retry. don’t spam > the catch - this is phase 1 only. not every coin opens today - top assets (btc, eth, usdt, bnb, sol etc) are fully backed - high traffic = delays at the start > what not to do - don’t send to the wrong network to save fees - don’t panic sell or move everything at once bookmark this: phase 1 is live today. check the status page before you withdraw.
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
Binance to Resume Withdrawals in Phases From 06:00 to 09:00 UTC Today, With 95% of Affected Assets Replenished Binance announced plans to gradually resume the first phase of withdrawals between 06:00 and 09:00 UTC on November 1, covering 15 networks including BTC, ETH, BSC, and SOL. Other networks will reopen after security checks are completed, while deposits remain operational. Binance also said it has replenished approximately 95% of affected assets, up from 90% previously. BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC are now all backed by 100% reserves. The remaining 5% consists of less liquid tokens that Binance is still acquiring. The exchange reiterated its commitment to covering all losses from the hack.
Open source - BU
businessline@businesslinePost on X ·
Binance, the world’s biggest cryptocurrency exchange, said it would resume withdrawals in phases after covering 95% of the $6.3 billion in tokens stolen from its platform in the world's largest digital heist, which the FBI has tied to North Korea. https://t.co/bfRtEmYCnG
Open source - LO
Lookonchain@lookonchainPost on X ·
Binance has reopened BTC withdrawals on the Bitcoin network. https://t.co/kcQ0222C52 https://t.co/1u3gocIymH
Open source - TE
TechmemeArticle ·
Binance has started resuming withdrawals in phases, including for BTC and ETH, after covering 95% of the $6.3B in tokens stolen in the hack by TraderTraitor (Reuters) Reuters : Binance has started resuming withdrawals in phases, including for BTC and ETH, after covering 95% of the $6.3B in tokens stolen in the hack by TraderTraitor — Binance, the world's biggest cryptocurrency exchange, said it would resume withdrawals in phases after covering 95% of the $6.3 billion …
Open source - CB
Crypto BriefingArticle ·
Binance picks Bitcoin network for first batch of withdrawal reopenings after hack Binance's cautious phased reopening post-hack highlights the critical need for robust security measures and transparency in crypto exchanges. The post Binance picks Bitcoin network for first batch of withdrawal reopenings after hack appeared first on Crypto Briefing .
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