As of today, November 6, 2026, the situation with Binance continues to improve. The exchange has expanded withdrawals to a wider range of assets, while security and transparency are gradually being restored. However, public attention has shifted from “panic” to “lessons learned”—experts point out that the incident was caused by weak internal access controls, not a blockchain vulnerability.
✅ Latest positive developments
· Another round of withdrawals is opening: Binance announced that it will begin gradually enabling withdrawals for assets on the BSC, BASE, ETH, OPTIMISM, MATIC, ARBITRUM, AVAXC, TRX, and SUI networks (including XRP, CAKE, SAND, ETH, WLD, GRT, and others) starting at 12:00 on November 6 (UTC+8). Withdrawals will continue to be gradually unlocked as security checks are completed, and brief delays are possible.
· Compensation remains at 98%: As of November 4, Binance had recovered about 98% of the affected token assets and set aside funds exceeding 100% of the losses to cover them all. The remaining 2% consists of low-liquidity tokens that will take time to acquire.
· Greater transparency: The latest Proof of Reserves (PoR) snapshot covers 44 types of tokens (up from 10 in the previous round), allowing users to independently verify that their account balances are 100% backed by reserves.
⚠️ New focus in public opinion: security lessons
Security experts say the incident was caused by a failure in internal access controls, not by a breach of blockchain encryption. Hackers gained access to the internal signing system by compromising employee credentials (reportedly through fake job interviews and malware), after which the system treated the transactions as “legitimate.” This is a reminder to all platforms that manage funds: they must strictly control which devices and accounts are authorized to initiate transfers, rather than relying solely on real-time transaction monitoring.
💎 Summary
For ordinary users, the critical phase is largely over: compensation is nearly complete, withdrawals are expanding, and funds are protected. The main risk is that around $3.2 billion remains under the control of hackers linked to North Korea, but Binance has confirmed that users will not bear these losses.
