Binance Restores Withdrawals For Multiple Networks And Assets - Phase One Live, Funds Are SAFU.
In a powerful demonstration of resilience and user-first commitment, Binance has officially announced the resumption of Phase One of withdrawals following the security incident that occurred on October 29-30, 2026. The announcement, made on November 1, 2026, marks a critical turning point in what was described as the largest exchange hack in history, with approximately $6.3 billion in digital assets taken from hot wallets.
Phase One: What Is Now Live?
According to Binance's official Recovery Update #4, withdrawals are resuming in a carefully controlled, phased approach between 06:00 and 09:00 UTC on November 1, 2026. The first phase prioritizes 15 blockchain networks based on recent user demand data, ensuring that the most requested assets are restored first with full stability and security checks.
The initial list of networks and assets available for withdrawal includes
$BTC Network: BTC
$ETH Network: ETH, USDT, USDC
BSC Network:
$BNB , USDT, USDC
Other Major Networks: SOL, XRP, TRX, DOGE, AVAX, POL, ARB, Base, SUI, TON, ZEC and supported stablecoins.
Binance confirmed that deposit services remained open throughout the incident and were never affected. Only withdrawals were temporarily suspended as a precautionary measure while security teams worked to contain the loss, assess impact, and complete comprehensive security audits.
From 90% to 95% Recovery in 24 Hours
What sets this recovery apart is the speed and transparency. In its previous update, Binance announced that 90% of the stolen funds had been replenished. In today's update, that figure has increased to 95%. Binance has reiterated its core promise throughout this crisis: "User funds remain safe. Binance will absorb the financial impact of the stolen funds, not our users."
This commitment is backed by the SAFU (Secure Asset Fund for Users) fund, which received an additional $1 billion transfer during the incident response. All user balances including BTC, ETH, USDT, BNB, SOL, USDC, and XRP remain 100% backed.
Why The Phased Approach Matters
Binance explained that every network requires its own independent security review before withdrawals can safely resume. This is why the rollout is happening in batches rather than all at once. The phased approach prioritizes security over speed, ensuring that each wallet and network undergoes repeated perimeter checks, stability tests, and security verification.
The exchange has also cautioned that during the initial rollout, users may experience temporary delays or longer processing times due to high traffic volume. If a withdrawal does not go through immediately, users are advised to try again after a short while and to check the official network status page.
Community Response and The Meaning of SAFU
The crypto community's response has been overwhelmingly positive. While panic selling was expected, BNB has continued to hold above the $1000 level, demonstrating strong confidence in Binance's infrastructure. The phrase "Funds are SAFU" has once again become a rallying cry, first coined in 2018 and proving its relevance today.
Blockchain analytics firms and the FBI have linked the breach to the TraderTraitor group connected to North Korea, according to reports. Despite the scale of the attack, Binance's ability to recover 95% of funds and restore 15 networks within just 72 hours is being called unprecedented in exchange history.
A comprehensive proof-of-reserves update is scheduled for November 2, 2026, to further reinforce transparency.
Conclusion: Binance is Binancing Actually
Other exchanges get hacked and disappear. Binance gets hacked and becomes stronger. The restoration of withdrawals for multiple networks and assets is not just a technical update - it is a statement. It shows why Binance remains the world's number one exchange by volume, trust, and resilience.
Phase One is live. More phases will follow as security checks are completed. For now, the message is clear: Withdrawals are resuming, funds are SAFU, and Binance is Binancing.
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