Binance targets 48-hour withdrawal resumption following security incident
Binance suspended global withdrawals while keeping deposits operational, with exchange leadership projecting services will resume within 48 hours following system upgrades.
Binance suspended global withdrawals on Oct. 30, 2026, while keeping customer deposits active following a security incident. Binance co-founder Yi He confirmed that deposits are operating normally and stated that withdrawals should resume within the next 48 hours following upgrades to the withdrawal service.[1][4][5][7]
The pause came amid reports of a breach, which MarketWatch reported is believed to be a $6.3 billion hack, while ABC Columbia separately noted that the exchange suspended withdrawals after being hacked. In addition to the global halt, Binance Japan separately announced that its cryptocurrency withdrawals were paused.[1][2][6]
CryptoSlate reported that Bitcoin deposits remained open alongside the 48-hour recovery timeline. The outlet added that the restoration estimates leave completed customer transfers and a separate reserve update as the practical tests ahead for the exchange.[1][3]
Key facts
- Binance suspended global withdrawals on Oct. 30, 2026, while keeping deposits open.
- Binance co-founder Yi He announced that withdrawals are expected to resume within 48 hours following upgrades to the withdrawal service.
- Binance Japan separately stated that cryptocurrency withdrawals were paused.
- MarketWatch reported the suspension came after what is believed to be a $6.3 billion hack.
- CryptoSlate noted that completed customer transfers and an upcoming reserve update serve as practical tests for the restoration.
Sources · 7 sources
- CR
CryptoSlate@CryptoSlatePost on X ·
Binance global withdrawals were suspended while deposits remained open. On Oct. 30, Binance News reported withdrawals were expected to resume within 48 hours. Binance Japan also said crypto withdrawals were paused. via @akibablade https://t.co/zPMJzwrJMU
Open source - AC
ABC Columbia@abc_columbiaPost on X ·
The world’s largest cryptocurrency exchange Binance has suspended withdrawals after being hacked. https://t.co/ApFjQNd3bz
Open source - CR
CryptoSlateArticle ·
Binance gives 48-hour withdrawal target while Bitcoin deposits remain open Restoration estimates leave the practical test ahead: completed customer transfers and a separate reserve update. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Open source - C®
CryptoSavingExpert ®@CryptoSavingExpPost on X ·
🚨 BINANCE WITHDRAWALS EXPECTED TO RESUME WITHIN 48 HOURS. Binance co-founder Yi He says deposits are operating normally, while withdrawals are expected to resume within the next 48 hours following upgrades to the withdrawal service. This comes after the exchange's recent security incident, which prompted a temporary suspension of withdrawals. The update is an encouraging step towards restoring normal operations, but users will be looking for confirmation that withdrawals are fully back online. We'll be keeping a close eye on developments.
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🚨 NOW: Binance co-founder Yi He says deposits operate as normal, and withdrawals should resume within the next 48 hours after upgrades to the withdrawal service. https://t.co/nxHz3R5kiH
Open source - MA
MarketWatch@MarketWatchPost on X ·
Here’s when Binance plans to reopen after what’s believed to be the largest-ever $6.3 billion hack https://t.co/suUBh1BJoQ
Open source - TM
That Martini Guy ₿@MartiniGuyYTPost on X ·
BINANCE WITHDRAWALS COULD BE BACK WITHIN 48 HOURS. Binance co-founder Yi He says deposits are operating normally, with withdrawals expected to resume within the next 48 hours following upgrades to the withdrawal service. This comes after the exchange temporarily suspended withdrawals following its massive security incident. It's a positive step, but the real test will be getting withdrawals fully back online and restoring user confidence. After everything that's happened, I imagine a lot of people will be waiting to see those withdrawals go through before breathing a sigh of relief.
Open source