🔓 New development: Binance has started restoring withdrawals following its October 29 security incident.
After previously targeting November 1 for reopening, Binance has now confirmed that withdrawals are resuming in phases, with Bitcoin (BTC) first.
According to its latest recovery update, access is being restored progressively after stability and security checks.
Reuters also reports that withdrawals for Ethereum (ETH) and some stablecoins have resumed, while additional assets and networks are still awaiting their turn.
The important distinction: withdrawals have started reopening, but not every withdrawal route is available yet.
This marks a concrete step forward from the earlier recovery announcements. The next milestone is the continued restoration of withdrawal services across the remaining supported networks and assets.
After previously targeting November 1 for reopening, Binance has now confirmed that withdrawals are resuming in phases, with Bitcoin (BTC) first.
According to its latest recovery update, access is being restored progressively after stability and security checks.
Reuters also reports that withdrawals for Ethereum (ETH) and some stablecoins have resumed, while additional assets and networks are still awaiting their turn.
The important distinction: withdrawals have started reopening, but not every withdrawal route is available yet.
This marks a concrete step forward from the earlier recovery announcements. The next milestone is the continued restoration of withdrawal services across the remaining supported networks and assets.
