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Binance Begins Restoring Withdrawals After $6.3 Billion Hack

Binance said it would resume withdrawal access in phases from 1 November 2026, covering bitcoin, ether and selected stablecoins and other assets as security reviews passed. It said about 95% of the stolen token assets had been covered or replenished, with the remaining 5% mostly less-liquid assets. A Reuters follow-up reported customer withdrawals following the restart. The earlier hack itself is already covered on Piplix.

Binance announced a phased restoration of CryptocurrencyCryptocurrency refers to a digital asset that uses cryptographic and distributed-ledger technology to record and secure transactions. The term belongs in Level 7 because it help...Read More withdrawals from 1 November 2026 following its earlier security breach. Access to bitcoin, ether, selected stablecoins and other assets would resume as individual security checks were completed. The ExchangeDefinition An exchange is an organised marketplace where buyers and sellers can trade financial assets according to a common set of rules. Examples of assets traded on exc...Read More said approximately 95% of stolen token assets had been covered or replenished, with the remaining portion largely involving less-liquid assets. Reuters subsequently reported customer withdrawals after services restarted, marking an important step towards restoring normal operations and user confidence.

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