Binance Withdrawals Resume Today After Record $6.3B Hack
Binance withdrawals resume today, November 1, 2026, in a carefully phased rollout — three days after hackers drained roughly $6.3 billion from the exchange’s hot wallets in what is now the largest cryptocurrency exchange hack on record. The world’s biggest crypto exchange by daily trading volume suspended all user withdrawals immediately after detecting the breach on October 29, and this morning’s reopening is the first time users have been able to move their funds off the platform since.
The resumption is deliberately gradual. Binance is reopening withdrawals network by network, starting with the 15 blockchains its users demanded most over the past week. Bitcoin went first — the exchange announced on X that the “first batch network now opened in phase one of withdrawals is $BTC bitcoin network,” and founder Changpeng Zhao confirmed shortly after: “Bitcoin withdrawals are active.”
If you hold crypto on Binance, here is everything confirmed so far: which networks and coins are open now, which assets are fully backed, what is still closed, and what the November 2 proof-of-reserves update will tell us.
Timeline: How the Binance Hack and Recovery Unfolded
To understand why Binance withdrawals resume in phases instead of all at once, it helps to see how the last three days played out.
October 29 — the breach
Hackers gained unauthorized access to Binance’s hot wallets — internet-connected wallets used to process day-to-day deposits and withdrawals — and stole approximately $6.3 billion worth of tokens across multiple blockchains. Ethereum and Bitcoin were the most heavily affected assets. Binance detected the breach and immediately suspended withdrawals to contain the damage, assess the scale, and begin security checks. Deposits, notably, stayed open throughout the entire incident and were never affected.
October 30 — damage control
Binance reported it had already replenished 80% of the affected assets using company funds, and said around $3 billion of the stolen funds had been frozen through cooperation with law enforcement agencies, intelligence firms, and industry partners. The FBI publicly blamed North Korea for the attack — more on that in our full breakdown of the FBI’s North Korea attribution for the Binance hack.
October 31 — the recovery accelerates
Binance said replenishment had reached 90% of the stolen assets, and announced it had set aside more than $6.34 billion in corporate funds to cover the losses in full. The company stressed that users would suffer no financial losses: “Binance will absorb the financial impact of these stolen funds, not our users.” Co-founder Yi He announced on X that the first phase of withdrawal resumption would begin between 06:00 and 09:00 UTC on November 1.
November 1 — Binance withdrawals resume
Phase one went live in the announced window. The Bitcoin network reopened first, followed by 14 more networks through the morning. Binance reported that replenishment had climbed to 95%, and that balances of major cryptocurrencies and stablecoins — including Bitcoin, Ethereum, USDT, BNB, Solana, USDC, XRP, USD1, RLUSD, and Zcash — are now backed at 100%.
Which Coins Are Open as Binance Withdrawals Resume in Phase 1
Phase one covers 15 blockchain networks. Binance says the order was chosen using user demand data from the past week, so the most-used networks came first. The confirmed list:
- Bitcoin (BTC) — first network reopened
- Ethereum (ETH) — including USDT and USDC on Ethereum
- BNB Smart Chain (BNB) — including USDT and USDC
- Solana (SOL) — including USDT and USDC
- Tron (TRX) — including USDT
- XRP
- Dogecoin (DOGE)
- Avalanche (AVAX)
- TON
- Polygon (POL)
- Arbitrum (ARB)
- Base
- Sui (SUI)
- Zcash (ZEC)
- Stablecoins USDT and USDC across the supported networks
Each network-and-asset pair is restored only after its own stability and security checks are completed, which is why the rollout is staggered rather than simultaneous. Binance said it is “taking a phased approach by prioritising 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.”
Why Bitcoin Went First as Binance Withdrawals Resume
The order of the phase-1 rollout was not random. Binance says it prioritized networks based on user demand data from the past week — in other words, the blockchains its customers actually tried to use most during the freeze went to the front of the queue. Bitcoin, as the most-held and most-withdrawn asset on the platform, was the natural first choice, and the exchange confirmed the sequencing publicly on X as each batch opened.
This demand-based approach also explains why the stablecoins USDT and USDC appear across four networks (Ethereum, BNB Smart Chain, Tron, and Solana) rather than just one: stablecoin transfers were among the highest-demand withdrawal types during the suspension, so restoring them on every major rail they run on gets the most users moving fastest. For traders, that matters — stablecoins are how most people exit positions and move value between exchanges, so their restoration unfreezes not just withdrawals but the broader flow of funds across the market.
What Users Should Do While Binance Withdrawals Resume
If you are trying to withdraw right now, set your expectations correctly. Binance has warned users to expect temporary delays or longer processing times during the initial rollout because of heavy transaction volumes — millions of users are all trying to move funds at once after three days of frozen withdrawals.
A few practical points:
- Check whether your coin is in phase 1. If you hold one of the 15 networks above, your withdrawal path should be open. If your asset is not on the list, its wallet is still undergoing repeated security audits and perimeter checks, and Binance has not announced a definitive timeline for the remaining cryptocurrencies.
- Do not panic about delays. Longer processing times in the first hours are expected and do not mean your funds are at risk. Binance says all major assets are 100% backed.
- Deposits were never affected. If you deposited during the suspension window, those funds are fine — deposit services remained operational the entire time.
- You will not lose money. Binance has committed to absorbing the full financial impact of the breach from its own corporate funds, not from user balances. Replenishment is at 95% and climbing; the remaining 5% consists largely of less-liquid smaller altcoins that simply take longer to source in the required quantities.
What Is Still Closed and What Comes Next
Wallets for cryptocurrencies outside the phase-1 list remain closed while they go through repeated security audits. Binance has not given a date for full restoration, saying only that later phases will follow after additional security checks — it has deliberately avoided presenting the recovery as a single switch being flipped back on.
The next major milestone is November 2, when Binance has scheduled a comprehensive proof-of-reserves update. After a $6.3 billion hole and a multi-day withdrawal freeze, that report is the real credibility test: it will show whether customer balances are genuinely backed 1:1 across the board. The 100%-backed list (BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, ZEC) is a strong signal, but the full proof-of-reserves data is what the market will judge.
Beyond the numbers, the investigation continues. The FBI’s attribution to North Korea and the freezing of roughly $3 billion in stolen assets — with the US Secret Service involved in tracing and recovery — suggest this story is far from over. For the full picture of who did it and where the money went, read our companion piece on how the FBI traced the $6.3 billion Binance hack to North Korea.
Binance Withdrawals Resume: Frequently Asked Questions
When did Binance withdrawals resume?
Phase one of the withdrawal resumption began on November 1, 2026, between 06:00 and 09:00 UTC, starting with the Bitcoin network and expanding to 15 blockchain networks through the day.
Which coins can I withdraw from Binance right now?
Phase 1 covers Bitcoin, Ethereum, BNB, Solana, Tron, XRP, Dogecoin, Avalanche, TON, Polygon, Arbitrum, Base, Sui, Zcash, and the stablecoins USDT and USDC on supported networks. Other cryptocurrencies remain closed pending security audits.
Are my funds safe on Binance after the hack?
According to Binance, yes. The company says it has replenished 95% of the stolen assets from its own corporate funds, that major assets are 100% backed, and that users will absorb none of the losses. A full proof-of-reserves update is scheduled for November 2.
Why are withdrawals slow even though they resumed?
Binance warned of temporary delays and longer processing times during the initial rollout because of the sheer volume of users withdrawing at once after three days of suspended access. Each network is also being restored carefully with individual security checks.
Were deposits affected by the Binance hack?
No. Deposit services remained operational and were never affected by the security incident. Only withdrawals were suspended.
The Bottom Line
The fact that Binance withdrawals resume at all — just three days after the biggest exchange hack in crypto history — is a remarkable recovery operation: 95% of $6.3 billion replenished from company funds, $3 billion in stolen assets frozen, and the most-demanded networks reopened first. But the phased approach also shows how seriously the exchange is taking the remaining risk. Watch the November 2 proof-of-reserves update: that is when we will know whether the recovery is as complete as Binance says it is.
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