🔓 Binance Withdrawals are Back: 15 Networks Live!
Following the security incident on October 29, Binance is rolling out withdrawals in phases. All 15 networks and assets included in the first phase are now live. (freepressjournal)
📌 What has been re-enabled?
The first phase includes Bitcoin, Ether, BNB, Solana, XRP, Dogecoin, as well as USDT and USDC stablecoins. Supported networks include BTC, ETH, BSC, TRX, XRP, Base, Arbitrum, Optimism, and others. (nairametrics)
📊 Market Impact:
After withdrawals reopened, users withdrew approximately $3.64 billion (2.1% of assets). Binance stated that the situation is stabilizing after the initial surge in traffic. (standard)
⚠️ Things to keep in mind before withdrawing:
✅ Check whether your specific coin and network are active before submitting a request.
✅ Processing may be delayed due to high transaction volume.
✅ Not all coins are available yet. The remaining assets will be rolled out gradually following security checks.
✅ Binance announced it will release a detailed post-incident report once its investigation is complete. (Binance faces $3.75 billion withdrawal claim after reopening +2)
💡 My Take:
The return of withdrawals is undoubtedly positive news. However, keeping all your funds on any exchange can be risky. The saying "Not your keys, not your coins" is more relevant than ever right now. It is safest to keep funds you don't immediately need in your own personal wallet. This is not financial advice; always Do Your Own Research (DYOR).
💬 Have you withdrawn your funds, or are you still trusting Binance? Let me know in the comments below! 👇
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