Day 10 after $6.3 billion was stolen: the withdrawal button for $HYPE finally lit up
On Nov. 8, Binance announced that HYPE and $APT withdrawals had resumed.
He Yi confirmed: withdrawals would be reopened after the audit was complete.
This deserves a line of its own: on Nov. 6, Binance promised to resume withdrawals for these two tokens “before next weekend”—and delivered about a week early.
In the biggest hack in history, withdrawals were suspended for just 9 days, with the first batch restored as early as Nov. 1.
Why did HYPE take 8 days?
It wasn’t that they didn’t want to reopen withdrawals; every chain and every token had to pass its own security checks.
Major assets like BTC, ETH, and stablecoins went first; native-chain assets came later.
Some people outside Binance were also complaining: were they deliberately dragging their feet?
My take: reopening withdrawals on a native chain before the audit is finished would be like opening a door again before it’s been fully inspected.
Better to take criticism than get hit a second time.
A few more figures you can verify:
Net outflows over 7 days were about $13.7 billion—alarming at first glance, but just 8% of the $171 billion in assets under management.
Institutions barely budged; Bloomberg reported that most chose to stay.
About 98% of the stolen assets have been replenished, using Binance’s own money—not making users foot the bill.
INJ, NEAR, and LTC are still waiting in line.
Remember this rule of thumb: when judging whether it’s safe to stay on an exchange after something goes wrong, watch for three signals.
First, how quickly withdrawals resume—only an exchange with real confidence dares to reopen the doors.
Second, who pays compensation—covering the losses yourself and making users take the hit are two very different things.
Third, whether outflows are easing—after peaking at $3.6 billion on day one, they fell back, and the panic passed.
Now that withdrawals are open, my guess is HYPE outflows won’t exceed $200 million in 24 hours. Binance held up.
INJ, NEAR, and LTC will all resume withdrawals this week—come back then and see if I was right.
What would you do: if withdrawals were suspended for 9 days and you were compensated for 98% of your losses, would you leave or stay?
#币安恢复HYPE与APT提现
On Nov. 8, Binance announced that HYPE and $APT withdrawals had resumed.
He Yi confirmed: withdrawals would be reopened after the audit was complete.
This deserves a line of its own: on Nov. 6, Binance promised to resume withdrawals for these two tokens “before next weekend”—and delivered about a week early.
In the biggest hack in history, withdrawals were suspended for just 9 days, with the first batch restored as early as Nov. 1.
Why did HYPE take 8 days?
It wasn’t that they didn’t want to reopen withdrawals; every chain and every token had to pass its own security checks.
Major assets like BTC, ETH, and stablecoins went first; native-chain assets came later.
Some people outside Binance were also complaining: were they deliberately dragging their feet?
My take: reopening withdrawals on a native chain before the audit is finished would be like opening a door again before it’s been fully inspected.
Better to take criticism than get hit a second time.
A few more figures you can verify:
Net outflows over 7 days were about $13.7 billion—alarming at first glance, but just 8% of the $171 billion in assets under management.
Institutions barely budged; Bloomberg reported that most chose to stay.
About 98% of the stolen assets have been replenished, using Binance’s own money—not making users foot the bill.
INJ, NEAR, and LTC are still waiting in line.
Remember this rule of thumb: when judging whether it’s safe to stay on an exchange after something goes wrong, watch for three signals.
First, how quickly withdrawals resume—only an exchange with real confidence dares to reopen the doors.
Second, who pays compensation—covering the losses yourself and making users take the hit are two very different things.
Third, whether outflows are easing—after peaking at $3.6 billion on day one, they fell back, and the panic passed.
Now that withdrawals are open, my guess is HYPE outflows won’t exceed $200 million in 24 hours. Binance held up.
INJ, NEAR, and LTC will all resume withdrawals this week—come back then and see if I was right.
What would you do: if withdrawals were suspended for 9 days and you were compensated for 98% of your losses, would you leave or stay?
#币安恢复HYPE与APT提现
