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

#binancetoresumephaseoneofwithdrawals
Binance is preparing to resume withdrawals in phases on November 1, marking a major recovery milestone following its recent security incident. The exchange reports that approximately 95% of impacted funds have been covered, while deposits remain open. Binance also confirms that users will not bear the financial losses. This development could help restore confidence in the platform and the wider crypto market.
#Binance #crptonews

🚨 BREAKING: Binance Begins Reopening Withdrawals After $6.3 Billion Crypto Hack
The crypto industry is watching Binance closely as the world's largest cryptocurrency exchange begins restoring withdrawal services following a historic security breach.
According to reports, Binance has now covered approximately 95% of the $6.3 billion in affected crypto assets using its own resources.
Here Are the Latest Developments:
🔹 Withdrawals Resume: Binance has started reopening withdrawals in phases, beginning with major cryptocurrency networks.
🔹 95% Recovery: The exchange says it has covered approximately 95% of the affected assets.
🔹 FBI Investigation: The FBI has attributed the attack to North Korea-linked hacking group TraderTraitor.
🔹 Ethereum Under Attention: Investigators say hackers have been converting stolen assets into Ethereum ($ETH ).
🔹 Customer Protection: Binance says it will bear the financial losses rather than pass them on to users.
Which Cryptocurrencies Are in Focus?
-$BTC – Bitcoin
- $ETH – Ethereum
- $BNB – BNB
- $SOl– Solana
- $XRP – XRP
Why This Matters for the Crypto Market
This incident raises important questions about exchange security, investor confidence and the safety of digital assets.
The gradual reopening of withdrawals could be an important step toward restoring confidence, but investors should continue monitoring official announcements and market conditions.
My Take: Crypto security should never be ignored. Before depositing funds on any exchange, investors should understand how their assets are protected.
What do you think? Will this incident change the way people use centralized crypto exchanges?
#Binance #BinanceToResumePhaseOneOfWithdrawals Bitcoin #BinanceSAFUFundTransferCompleted7499BTC Ethereum #bnb #Binance lockchain

🇺🇸 The FBI has officially pointed the finger at North Korea.
In a major development for the crypto industry, the Federal Bureau of Investigation has stated that North Korea was responsible for stealing more than $6 BILLION in virtual assets from Binance in the October 29, 2026 cyberattack.
The FBI identifies the operation as TraderTraitor, a North Korean-linked hacking group.
🔥 What Did the FBI Reveal?
Estimated stolen assets: More than $6 billion.Incident date: October 29, 2026.Suspected attackers: North Korean TraderTraitor actors.Laundering activity: The FBI observed stolen assets being converted primarily into Ethereum (ETH).Urgent warning: DeFi platforms, THORNode operators, RPC providers and instant exchanges have been urged to block transactions connected to the identified attacker addresses.
This is more than an exchange security incident. It highlights how stolen crypto can move through multiple blockchain networks and decentralized services.
🛡️ Binance's Latest Recovery Updates
Binance has also shared significant progress:
90% of affected assets covered, according to its October 31 recovery update.7,499 BTC SAFU transfer completed, worth approximately $581 million at the time of transfer.Binance says it will cover the financial impact rather than pass the losses to users.Withdrawal services are planned to resume in phases on November 1, with further details to be confirmed.A new Proof of Reserves snapshot has been published, with the complete zero-knowledge proof expected by November 3.
⚠️ Why This Matters for the Crypto Market
The FBI's attribution puts a spotlight on the security risks facing centralized exchanges and decentralized finance platforms.
The challenge now is not only identifying the hackers — it is preventing stolen assets from being converted, swapped or transferred through other services.
For the wider crypto ecosystem, cooperation between exchanges, blockchain analytics firms, DeFi protocols and law enforcement will be critical.
🪙 Token to Watch
$BNB — Binance's native ecosystem token remains in focus as the exchange works through recovery, security checks and phased withdrawal resumption.
🎯 The Big Question
Can Binance restore full withdrawal confidence and strengthen its security after one of the industry's biggest reported crypto thefts?
👇 Do you think coordinated action by exchanges and DeFi platforms can stop hackers from laundering billions in stolen crypto?
Share your thoughts!
$BNB
#NorthKoreaHackers #FBIConfirmsNorthKoreaIsResponsibleForBinanceCryptoHack #BinanceToResumePhaseOneOfWithdrawals #BinanceSAFUFundTransferCompleted7499BTC