binancetoresumephaseoneofwithdrawals

Fellow Binancians,
Binance is preparing to resume phase one of withdrawals on 2026-11-01 between 06:00 and 09:00 (UTC).
Since the incident, our teams have taken precautionary measures to safeguard the platform, conducted security assessments, and worked to verify the readiness of affected services. We aim to restore withdrawals progressively as we complete security and readiness checks. Deposit services remain open and are not affected by the incident.
We understand the concern and disruption the suspension has caused. Restoring access to your funds is a priority, and we are taking a controlled approach to do so safely. We will continue to monitor closely as services return in phases.
As we have said throughout this incident: user funds remain safe. Binance will absorb the financial impact of the stolen funds, not our users.
Withdrawal Services Resuming in Phases
The rollout will be in phases. Phase one will include the following networks and assets which are available for withdrawals progressively. We will share updates via our official X channel.
NetworkAsset(s)BTCBTCETHETH, USDT, USDCBSCBNB, USDT, USDCTRXTRX, USDTSOLSOL, USDT, USDCXRPXRPZECZECDOGEDOGETONUSDT, GRAMMATIC (Polygon)POL, USDT, USDCAVAXCAVAX, USDT, USDCARBITRUMETH, USDT, USDC, ARBBASEETH, USDCOP (Optimism)ETH, USDT, USDCSUISUI
We are taking a phased approach by prioritizing tokens based on the past week data of user demand, so that each network and asset pair can be restored carefully, with stability and security checks completed before access is reopened.
These listed networks and assets above will become available when this first phase of withdrawals resumes, and additional networks and assets will be added once they are ready. Please check the withdrawal page for your selected asset and network, or visit our network status page, to confirm availability.
During the initial rollout, users may experience temporary delays or longer processing times due to traffic volume. If a withdrawal for a network or tokens listed above doesn’t go through, you can try again after a short while. This is expected during a phased rollout. We will continue to monitor network and platform performance closely.
Why Withdrawals Were Temporarily Paused at the Earlier Stages of the Security Incident
Withdrawals were temporarily suspended as a precaution while our teams worked to contain the incident loss, assess its impact, restore affected services, and complete security checks.
We did not take this decision lightly. We understand how important reliable access to withdrawals is for our users. However, our priority was to protect users, safeguard the platform, and complete the necessary security checks before restoring services.
During this period, our teams have:
Conducting enhanced security reviews of affected services;Assessing withdrawal infrastructure and verifying its operational readiness;Working with law enforcement and industry partners to trace and recover stolen funds;Replenishing affected assets using company resources;Monitoring for residual risks.
Our recovery commitment remains unchanged.
As shared in our previous update, Binance had already covered approximately 90% of the impacted amount, up from approximately 80% in the prior update.
All BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC balances are fully backed 100%. You can verify our proof of reserves snapshot on the PoR website.
We continue purchasing the remaining affected assets through market and OTC channels. Binance has now covered approximately 95% of the impacted amount, up from 90% in our prior update. The outstanding 5% are tokens outside the top ten listed above, and are less liquid in the market and take longer time to source at the required scale.
To Our Users, Partners, and the Broader Industry
We recognize how difficult this period has been for our users and the broader Binance community. Thank you for your patience, understanding, and continued trust as our teams worked through this incident with the seriousness it required.
We also thank our industry partners for acting quickly to help freeze assets and trace stolen funds. We will continue working closely with them and with law enforcement to support recovery efforts and hold those responsible accountable.
Once the investigation is complete, we will publish a post-incident report with further details on the incident.
Resuming withdrawals is a major milestone, but our work continues. We will continue strengthening our safeguards, completing the recovery process, and providing updates as progress continues.
Our commitment remains unchanged: Binance will bear the financial impact of the stolen funds. These losses will not be passed on to users.
Thank you for being part of the Binance community.
Thank you for your support!
Binance Team
2026-11-01

Binance was hacked for 6.3 billion. Did the resumption of withdrawals trigger a panic-driven mass sell-off?
The on-chain data speaks for itself:
Net outflows over 7 days totaled 6.9 billion; excluding the 6.3 billion stolen, users withdrew around 600 million on their own.
Net outflows in the 24 hours after withdrawals resumed totaled just 175 million, or 0.13% of total reserves.
The first major BTC withdrawals were, in many cases, merely transfers between the platform’s wallets.
Reserve funds totaling 6.34 billion are already in place, and the top ten cryptocurrencies are fully backed by reserves—there was no mass withdrawal.
Trust is not the absence of danger, but the ability to withstand the storm when it hits.
@CZ @Yi He#BinanceToResumePhaseOneOfWithdrawals #BinanceProcesses$4.65BWithdrawals

Withdrawals have started coming back since my last draft. Binance resumed withdrawals for bitcoin and assets on 15 other blockchains on Sunday, with further reopenings depending on security and stability checks. Binance reported $3.64 billion in net outflows after reopening, about 2.1% of its total assets, and said withdrawal volumes were stabilizing. The updated draft below reflects this, along with the latest coverage figure and the FBI attribution. (CoinDesk) (CNBC)
Binance $6.3B hack: latest updates, what's confirmed, and how to avoid follow-on scams
Independent update based on public reporting as of November 2, 2026. This is not an official Binance announcement. Check binance.com for current status.
On October 29, attackers drained an estimated $6.3 billion from Binance wallets across ten blockchains, with most of it leaving in about 20 minutes. It is being described as the largest crypto theft on record.
Latest updates (November 1–2)
Withdrawals are reopening in phases. The first phase covered 15 networks and assets, starting with Bitcoin. Further networks will reopen only after security and stability checks.
Binance says about 95% of the impacted amount is now covered, up from 90% on October 31. It is replacing the stolen assets by buying replacement tokens on the market and over the counter, rather than recovering the original coins.
Binance reported net outflows of about $3.64 billion after withdrawals resumed, roughly 2.1% of its total assets, and said outflows were slowing. Deposits remained substantial.
According to CNBC's reporting, the FBI has attributed the attack to North Korean hackers, identified as TraderTraitor. Binance thanked the FBI for its support.
Earlier updates still relevant
About $3 billion was frozen on-chain with help from blockchain partners.
Binance says it found no evidence of a leaked wallet private key. Its early investigation pointed to a compromised DevOps engineer's laptop, and it later said it had found additional entry points.
Binance says it will absorb the financial impact using its Secure Asset Fund for Users, a portion of its futures insurance fund, and corporate treasury.
Binance.US was reported as unaffected.
Still unclear
Which networks and assets reopen next, and when. Binance says it will share details of the next phase.
The timeline for covering the remaining roughly 5% of the impacted amount.
The full technical post-mortem and an updated proof-of-reserves report. Binance has promised both, but I didn't find either published yet.
How to protect yourself
Check withdrawal status only on official Binance channels. Type the address yourself or use a bookmark rather than clicking links in messages.
Be wary of anyone who contacts you about "withdrawal verification," "unlock," or "recovery" fees, or who offers to speed up your claim. Scammers often target people just as an exchange reopens.
Never share passwords, 2FA codes, seed phrases, or remote-access apps with anyone claiming to be support.
Confirm that your asset and network are live before sending funds.
Check your withdrawal history. If you see anything you don't recognize, contact official support directly.
If you lose money to a related scam, keep messages, wallet addresses, transaction hashes, and details of anyone offering recovery services.
$USDT #BTCPayServerUrgesOperatorsToShutDownInstances #BinanceUpdatesProofofReservesAddresses #BinanceToResumePhaseOneOfWithdrawals #BinanceProcesses$4.65BWithdrawals #WithdrawalsBack: 15 networks live

#BinanceToResumePhaseOneOfWithdrawals
🔥 After a **massive security incident that shook the crypto market**, Binance is preparing to resume **Phase One of withdrawals on November 1, between 06:00 and 09:00 UTC.** ⏰
Is this the turning point for the exchange? Let's break it down. 👇
---
## 🔓 What Is Happening?
Binance is taking its first big step toward normal operations. 🏦
- 📅 **Date:** November 1
- 🕕 **Window:** 06:00 to 09:00 UTC
- 🚪 **Phase One:** gradual reopening of withdrawals
- 🌐 **Networks:** major chains, including 💎 **BTC, ETH, BNB, SOL, XRP, DOGE** and several others
This is a **major step toward restoring user confidence** and bringing the platform back to normal. ✅
---
## 🛡️ The Bigger Picture: Users Won't Pay for the Losses
Here is the most important part. 👇
Binance says it has **covered approximately 95% of the affected assets** and will **absorb the financial impact of the stolen funds** instead of passing the losses to users. 💪
Why this matters:
- 🤝 It shows the exchange is standing behind its customers
- 🏦 It signals strong financial reserves
- 📣 It sets a standard for accountability in the industry
- 😮‍💨 It gives users real relief after days of uncertainty
---
## ⚠️ But This Is NOT a Full Reopening Yet
Let's stay realistic. 🧐
- 🧩 Withdrawals will return **in phases**
- 🔍 Each phase follows **security checks**
- 🐢 Some transactions may **experience delays** during the initial rollout
- 🚧 Not every network or asset will be available at once
So if your withdrawal is slow, don't panic. 🧘 Slow and safe is better than fast and risky. 🔐
---
## 🤔 The Key Question
Can Binance **restore full withdrawal access** while **rebuilding market confidence** at the same time? 🎯
This is a tricky balance:
- ⚡ Move too fast, and security risks return
- 🐌 Move too slow, and users lose patience
- 📉 Heavy outflows can put pressure on the platform
- 📢 Poor communication can damage trust further
The exchange must get all four right. ⚖️
---
## 🧠 My Take
Phase One is a **strong and necessary move**. 👍 It proves Binance is working toward recovery and not hiding from the problem. 🙌
But trust will depend on more than reopening withdrawals: 👀
- 🔐 **Security:** clear proof the vulnerability is fixed
- 📢 **Transparency:** honest, regular updates and a full incident report
- 🧾 **Proof of reserves:** verifiable evidence that user funds are safe
- ⏱️ **Smooth execution:** each phase running without major problems
Reopening is the **first chapter**, not the last. 📖
---
## 🛡️ What Should You Do?
Whether you withdraw or stay, protect yourself: 👇
- 🔒 Turn on **2FA** (authenticator app, not SMS)
- 🧾 Enable **withdrawal address whitelisting**
- 🎣 Beware of **phishing links and fake support accounts**, which spike after incidents
- ✅ **Double-check addresses and networks** before every transfer
- 🚫 Avoid panic-withdrawing without a plan
- 🧊 Keep long-term holdings in **cold storage**
- ⚖️ Never keep **all funds** in one place
---
## 🎯 Final Thoughts
Binance is on the road to recovery. 🛣️ Phase One withdrawals and the 95% coverage are strong signals. ✅ But the real test is whether it can **fully reopen safely while winning back trust.** 🧱
The coming days will tell the story. 👀
💬 **Will you withdraw in Phase One, or are you staying put? Let me know in the comments!** 👇
---
⚠️ *This is my personal opinion, not financial advice. Crypto is high-risk. Always do your own research (DYOR).*
**#Binance #WithdrawalsBack #CryptoNews #BNB #DYOR**
---
#FBIConfirmsNorthKoreaIsResponsibleForBinanceCryptoHack #USSpotETHETFsPost23StraightDaysOfNetOutflows #IntelHasItsWorstDaySince1974 #BinanceProcesses$4.65BWithdrawals

🚨 BINANCE WITHDRAWALS RESUME IN PHASES! WHAT USERS NEED TO KNOW
A major update for the Binance community! 🔥
After the recent security incident that disrupted cryptocurrency withdrawals, Binance has announced a phased restart of withdrawal services.
This is an important development for millions of crypto users who have been waiting for normal withdrawal access.
But what exactly is changing? Let's break it down. 👇
🏦 1. Binance Announces Phase One
According to Binance's official November 1 announcement, Phase One of withdrawal services was scheduled to begin between 06:00 and 09:00 UTC on November 1.
The exchange is restoring services gradually rather than reopening every network at once.
The goal is to complete security and stability checks before making each network available.
🪙 2. Which Coins and Networks Are Included?
The first phase covers selected assets across these networks:
Bitcoin ($BTC )Ethereum (ETH), USDT and USDCBNB Chain ($BNB , USDT and USDC)Tron (TRX and USDT)Solana (SOL, USDT and USDC)XRPZcash ($ZEC )Dogecoin (DOGE)TON (USDT and GRAM)Polygon (POL, USDT and USDC)Avalanche C-Chain (AVAX, USDT and USDC)Arbitrum (ETH, USDT, USDC and ARB)Base (ETH and USDC)Optimism (ETH, USDT and USDC)SUI
Not every asset or network necessarily becomes available at the same time.
🔐 3. What Happened to the Security Incident?
Binance temporarily suspended withdrawals as a precaution while investigating the incident and securing affected services.
In its November 1 update, Binance reported that it had covered approximately 95% of the impacted amount using company resources.
The exchange also stated that selected major asset balances, including BTC, ETH, USDT, BNB, SOL, XRP and ZEC, were fully backed by reserves.
Binance has committed to absorbing the financial impact rather than passing the losses to users.
📊 4. What Does This Mean for the Crypto Market?
The phased reopening is an important step toward restoring confidence.
Here are three developments worth watching:
Positive signs:
Gradual restoration of withdrawal access.Continued security assessments.Progress in replenishing affected assets.
Remaining concerns:
Possible withdrawal delays during high traffic.Additional networks still awaiting restoration.Investor confidence following the security incident.
🔍 My Take
Restoring withdrawals is an important milestone, but security and transparency matter more than speed.
Users should avoid panic and verify the availability of their specific coin and network directly on Binance before making a transaction.
Never assume that every network is fully operational just because Phase One has started.
💬 Let's Discuss!
Do you think Binance will fully restore withdrawal services smoothly?
Yes, confidence will return.More security improvements are needed.I want to wait before using withdrawals.
Share your opinion below!
Follow for more Binance updates, crypto news and market analysis.
#BinanceToResumePhaseOneOfWithdrawals #Binance #CryptoNews #Bitcoin #BTC #Ethereum #ETH #bnb #CryptoSecurity #CryptoCommunity #BinanceSquare #writetoearn
Disclaimer: This post is for educational and informational purposes only, not financial advice. Always verify official announcements and network status before making transactions.