After the $6.3 billion crypto hack, Binance announced it will restart user withdrawals in phases, with phase one running from 11:00 AM to 02:00 PM PKT, and it now says it has recovered 95% of the stolen assets, up from the earlier reported 90%.
Binance Activates Phase One of Withdrawals
The exchange is focusing on a select group of tokens for this opening, chosen based on demand data collected over the past week, allowing the security team to restore access gradually while keeping the platform stable.
BTC withdrawal is live.
— CZ 🔶 BNB (@cz_binance) November 1, 2026
The table below lists the networks and the assets supported during the first withdrawal phase.
| Network | Asset(s) |
| BTC | BTC |
| ETH | ETH, USDT, USDC |
| BSC | BNB, USDT, USDC |
| TRX | TRX, USDT |
| SOL | SOL, USDT, USDC |
| XRP | XRP |
| ZEC | ZEC |
| DOGE | DOGE |
| TON | USDT, GRAM |
| MATIC (Polygon) | POL, USDT, USDC |
| AVAXC | AVAX, USDT, USDC |
| ARBITRUM | ETH, USDT, USDC, ARB |
| BASE | ETH, USDC |
| OP (Optimism) | ETH, USDT, USDC |
| SUI | SUI |
Binance cautions that temporary delays may occur due to high traffic, which could slow processing times. If a transaction does not go through, users are advised to retry after a short pause. Deposit services were not affected and remain fully operational.
Securing the Remaining 5%
The firm continues to buy back the remaining assets through market and OTC channels, having replaced roughly 95% of the affected funds. The outstanding 5% consists of less liquid tokens outside the top ten, which take longer to source at the needed scale.
Top-ten assets are fully secured. Binance confirmed that balances for BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are 100% backed and can be verified on its Proof of Reserves website. The exchange reiterated that it will absorb the entire financial impact of the incident, ensuring no loss is passed to users.
Behind the Suspension & Next Steps
Withdrawals were halted as a precautionary measure to contain the incident, evaluate its scope and complete essential security checks. During the pause, Binance reviewed affected services, verified withdrawal infrastructure and cooperated with law enforcement and industry partners to trace the stolen funds.
Going forward, more networks and assets will be added to the withdrawal list once readiness checks are passed, and a detailed post-incident report will be released after the full investigation concludes.
Latest Binance Withdrawals Update
Withdrawals have already been restored for several major assets after thorough security checks. Users can now withdraw USDC, USDT and ETH on the Ethereum network, and USDC, USDT and BNB on the BNB Smart Chain. Binance will continue to restore additional assets and networks in stages, posting updates through its official channels.
Withdrawals restored for: – Ethereum: USDC, USDT, ETH – BNB Smart Chain (BSC): USDC, USDT, BNB
— CZ 🔶 BNB (@cz_binance) November 1, 2026
