#binancetoresumephaseoneofwithdrawals
binancetoresumephaseoneofwithdrawals
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Security Incident | Recovery Update #4: Withdrawals Resume in Phases (2026-11-01)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 doesnโt 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
Security Incident | Recovery Update #4: Withdrawals Resume in Phases (2026-11-01)
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 doesnโt 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 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 doesnโt 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
Sheundah:
Why panic? Binance is a stable exchange. The easiest exchange understand and operate. Keep trading.
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Article
Why was the binance HackedBinance 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 platformโs wallets.
Reserve funds totaling 6.34 billion are already in place, and the top ten cryptocurrencies are fully backed by reservesโthere 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
Why was the binance Hacked
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 platformโs wallets.
Reserve funds totaling 6.34 billion are already in place, and the top ten cryptocurrencies are fully backed by reservesโthere 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
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 platformโs wallets.
Reserve funds totaling 6.34 billion are already in place, and the top ten cryptocurrencies are fully backed by reservesโthere 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
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Verified
Article
Binance Begins Phase 1 of Withdrawals (Nov 1, 06:00โ09:00 UTC)Priority assets include BTC, ETH, USDT, USDC, BNB, SOL, XRP, and several others. Deposits remain fully operational.
Binance has confirmed that user assets are safe and is using its own resources to cover the losses. Approximately 95% of the affected funds have already been replenished. However, users may experience slower processing times due to increased traffic.
Looking at the Bigger Picture: How Binance Is Handling the Crisis
Putting user protection and asset security first.Taking responsibility by using company resources to cover the losses.Making every effort to maintain operations and restore services under significant pressure.Treating this situation as an opportunity to strengthen its systems and gradually rebuild trust within the community.
The gradual restoration of services, the priority given to user assets, and Binanceโs commitment to using its own resources to address the losses demonstrate the concrete steps the company is taking to manage the crisis.
SAFU is safe!
$BNB
#binancetoresumephaseoneofwithdrawals .
Binance Begins Phase 1 of Withdrawals (Nov 1, 06:00โ09:00 UTC)
Priority assets include BTC, ETH, USDT, USDC, BNB, SOL, XRP, and several others. Deposits remain fully operational.
Binance has confirmed that user assets are safe and is using its own resources to cover the losses. Approximately 95% of the affected funds have already been replenished. However, users may experience slower processing times due to increased traffic.
Looking at the Bigger Picture: How Binance Is Handling the Crisis
Putting user protection and asset security first.Taking responsibility by using company resources to cover the losses.Making every effort to maintain operations and restore services under significant pressure.Treating this situation as an opportunity to strengthen its systems and gradually rebuild trust within the community.
The gradual restoration of services, the priority given to user assets, and Binanceโs commitment to using its own resources to address the losses demonstrate the concrete steps the company is taking to manage the crisis.
SAFU is safe!
$BNB
#binancetoresumephaseoneofwithdrawals .
Binance has confirmed that user assets are safe and is using its own resources to cover the losses. Approximately 95% of the affected funds have already been replenished. However, users may experience slower processing times due to increased traffic.
Looking at the Bigger Picture: How Binance Is Handling the Crisis
Putting user protection and asset security first.Taking responsibility by using company resources to cover the losses.Making every effort to maintain operations and restore services under significant pressure.Treating this situation as an opportunity to strengthen its systems and gradually rebuild trust within the community.
The gradual restoration of services, the priority given to user assets, and Binanceโs commitment to using its own resources to address the losses demonstrate the concrete steps the company is taking to manage the crisis.
SAFU is safe!
$BNB
#binancetoresumephaseoneofwithdrawals .
ๅฅๅบท่ตๆฌ:
่ๅฅไบๅ
ณไธไธๅ
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Bullish
Hey Binancian ๐
I tested the withdrawal system with a small amount of just 50, and it worked smoothly without any issues.
However, some coins are still displaying the โWITHDRAWAL SUSPENDEDโ message.
Could you please look into this and update the withdrawal status accordingly?
Follow me for daily updates & signals.
#Binance #HASNAINNADEEM786 #BinanceUpdatesProofofReservesAddresses #BinanceToResumePhaseOneOfWithdrawals $ESPORTS $AIN $UAI
{future}(UAIUSDT)
{future}(AINUSDT)
Hey Binancian ๐
I tested the withdrawal system with a small amount of just 50, and it worked smoothly without any issues.
However, some coins are still displaying the โWITHDRAWAL SUSPENDEDโ message.
Could you please look into this and update the withdrawal status accordingly?
Follow me for daily updates & signals.
#Binance #HASNAINNADEEM786 #BinanceUpdatesProofofReservesAddresses #BinanceToResumePhaseOneOfWithdrawals $ESPORTS $AIN $UAI
I tested the withdrawal system with a small amount of just 50, and it worked smoothly without any issues.
However, some coins are still displaying the โWITHDRAWAL SUSPENDEDโ message.
Could you please look into this and update the withdrawal status accordingly?
Follow me for daily updates & signals.
#Binance #HASNAINNADEEM786 #BinanceUpdatesProofofReservesAddresses #BinanceToResumePhaseOneOfWithdrawals $ESPORTS $AIN $UAI
cryptogirl007:
Temporary withdrawal pauses on $ESPORTS often trace to internal custodial rebalancing while macro liquidity realigns across emerging assets.
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Article
๐จ Binance Withdrawals Are Coming Back: A Major Recovery Milestone! ๐จ#BinanceToResumePhaseOneOfWithdrawals
๐ฅ 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.** โฐ
Is this the turning point for the exchange? Let's break it down. ๐
---
## ๐ What Is Happening?
Binance is taking its first big step toward normal operations. ๐ฆ
- ๐
**Date:** November 1
- ๐ **Window:** 06:00 to 09:00 UTC
- ๐ช **Phase One:** gradual reopening of withdrawals
- ๐ **Networks:** major chains, including ๐ **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. โ
---
## ๐ก๏ธ The Bigger Picture: Users Won't Pay for the Losses
Here is the most important part. ๐
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. ๐ช
Why this matters:
- ๐ค It shows the exchange is standing behind its customers
- ๐ฆ It signals strong financial reserves
- ๐ฃ It sets a standard for accountability in the industry
- ๐ฎโ๐จ It gives users real relief after days of uncertainty
---
## โ ๏ธ But This Is NOT a Full Reopening Yet
Let's stay realistic. ๐ง
- ๐งฉ Withdrawals will return **in phases**
- ๐ Each phase follows **security checks**
- ๐ข Some transactions may **experience delays** during the initial rollout
- ๐ง Not every network or asset will be available at once
So if your withdrawal is slow, don't panic. ๐ง Slow and safe is better than fast and risky. ๐
---
## ๐ค The Key Question
Can Binance **restore full withdrawal access** while **rebuilding market confidence** at the same time? ๐ฏ
This is a tricky balance:
- โก Move too fast, and security risks return
- ๐ Move too slow, and users lose patience
- ๐ Heavy outflows can put pressure on the platform
- ๐ข Poor communication can damage trust further
The exchange must get all four right. โ๏ธ
---
## ๐ง My Take
Phase One is a **strong and necessary move**. ๐ It proves Binance is working toward recovery and not hiding from the problem. ๐
But trust will depend on more than reopening withdrawals: ๐
- ๐ **Security:** clear proof the vulnerability is fixed
- ๐ข **Transparency:** honest, regular updates and a full incident report
- ๐งพ **Proof of reserves:** verifiable evidence that user funds are safe
- โฑ๏ธ **Smooth execution:** each phase running without major problems
Reopening is the **first chapter**, not the last. ๐
---
## ๐ก๏ธ What Should You Do?
Whether you withdraw or stay, protect yourself: ๐
- ๐ Turn on **2FA** (authenticator app, not SMS)
- ๐งพ Enable **withdrawal address whitelisting**
- ๐ฃ Beware of **phishing links and fake support accounts**, which spike after incidents
- โ
**Double-check addresses and networks** before every transfer
- ๐ซ Avoid panic-withdrawing without a plan
- ๐ง Keep long-term holdings in **cold storage**
- โ๏ธ Never keep **all funds** in one place
---
## ๐ฏ Final Thoughts
Binance is on the road to recovery. ๐ฃ๏ธ Phase One withdrawals and the 95% coverage are strong signals. โ
But the real test is whether it can **fully reopen safely while winning back trust.** ๐งฑ
The coming days will tell the story. ๐
๐ฌ **Will you withdraw in Phase One, or are you staying put? Let me know in the comments!** ๐
---
โ ๏ธ *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
๐จ Binance Withdrawals Are Coming Back: A Major Recovery Milestone! ๐จ
#BinanceToResumePhaseOneOfWithdrawals
๐ฅ 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.** โฐ
Is this the turning point for the exchange? Let's break it down. ๐
---
## ๐ What Is Happening?
Binance is taking its first big step toward normal operations. ๐ฆ
- ๐ **Date:** November 1
- ๐ **Window:** 06:00 to 09:00 UTC
- ๐ช **Phase One:** gradual reopening of withdrawals
- ๐ **Networks:** major chains, including ๐ **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. โ
---
## ๐ก๏ธ The Bigger Picture: Users Won't Pay for the Losses
Here is the most important part. ๐
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. ๐ช
Why this matters:
- ๐ค It shows the exchange is standing behind its customers
- ๐ฆ It signals strong financial reserves
- ๐ฃ It sets a standard for accountability in the industry
- ๐ฎโ๐จ It gives users real relief after days of uncertainty
---
## โ ๏ธ But This Is NOT a Full Reopening Yet
Let's stay realistic. ๐ง
- ๐งฉ Withdrawals will return **in phases**
- ๐ Each phase follows **security checks**
- ๐ข Some transactions may **experience delays** during the initial rollout
- ๐ง Not every network or asset will be available at once
So if your withdrawal is slow, don't panic. ๐ง Slow and safe is better than fast and risky. ๐
---
## ๐ค The Key Question
Can Binance **restore full withdrawal access** while **rebuilding market confidence** at the same time? ๐ฏ
This is a tricky balance:
- โก Move too fast, and security risks return
- ๐ Move too slow, and users lose patience
- ๐ Heavy outflows can put pressure on the platform
- ๐ข Poor communication can damage trust further
The exchange must get all four right. โ๏ธ
---
## ๐ง My Take
Phase One is a **strong and necessary move**. ๐ It proves Binance is working toward recovery and not hiding from the problem. ๐
But trust will depend on more than reopening withdrawals: ๐
- ๐ **Security:** clear proof the vulnerability is fixed
- ๐ข **Transparency:** honest, regular updates and a full incident report
- ๐งพ **Proof of reserves:** verifiable evidence that user funds are safe
- โฑ๏ธ **Smooth execution:** each phase running without major problems
Reopening is the **first chapter**, not the last. ๐
---
## ๐ก๏ธ What Should You Do?
Whether you withdraw or stay, protect yourself: ๐
- ๐ Turn on **2FA** (authenticator app, not SMS)
- ๐งพ Enable **withdrawal address whitelisting**
- ๐ฃ Beware of **phishing links and fake support accounts**, which spike after incidents
- โ **Double-check addresses and networks** before every transfer
- ๐ซ Avoid panic-withdrawing without a plan
- ๐ง Keep long-term holdings in **cold storage**
- โ๏ธ Never keep **all funds** in one place
---
## ๐ฏ Final Thoughts
Binance is on the road to recovery. ๐ฃ๏ธ Phase One withdrawals and the 95% coverage are strong signals. โ But the real test is whether it can **fully reopen safely while winning back trust.** ๐งฑ
The coming days will tell the story. ๐
๐ฌ **Will you withdraw in Phase One, or are you staying put? Let me know in the comments!** ๐
---
โ ๏ธ *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
๐ฅ 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.** โฐ
Is this the turning point for the exchange? Let's break it down. ๐
---
## ๐ What Is Happening?
Binance is taking its first big step toward normal operations. ๐ฆ
- ๐ **Date:** November 1
- ๐ **Window:** 06:00 to 09:00 UTC
- ๐ช **Phase One:** gradual reopening of withdrawals
- ๐ **Networks:** major chains, including ๐ **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. โ
---
## ๐ก๏ธ The Bigger Picture: Users Won't Pay for the Losses
Here is the most important part. ๐
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. ๐ช
Why this matters:
- ๐ค It shows the exchange is standing behind its customers
- ๐ฆ It signals strong financial reserves
- ๐ฃ It sets a standard for accountability in the industry
- ๐ฎโ๐จ It gives users real relief after days of uncertainty
---
## โ ๏ธ But This Is NOT a Full Reopening Yet
Let's stay realistic. ๐ง
- ๐งฉ Withdrawals will return **in phases**
- ๐ Each phase follows **security checks**
- ๐ข Some transactions may **experience delays** during the initial rollout
- ๐ง Not every network or asset will be available at once
So if your withdrawal is slow, don't panic. ๐ง Slow and safe is better than fast and risky. ๐
---
## ๐ค The Key Question
Can Binance **restore full withdrawal access** while **rebuilding market confidence** at the same time? ๐ฏ
This is a tricky balance:
- โก Move too fast, and security risks return
- ๐ Move too slow, and users lose patience
- ๐ Heavy outflows can put pressure on the platform
- ๐ข Poor communication can damage trust further
The exchange must get all four right. โ๏ธ
---
## ๐ง My Take
Phase One is a **strong and necessary move**. ๐ It proves Binance is working toward recovery and not hiding from the problem. ๐
But trust will depend on more than reopening withdrawals: ๐
- ๐ **Security:** clear proof the vulnerability is fixed
- ๐ข **Transparency:** honest, regular updates and a full incident report
- ๐งพ **Proof of reserves:** verifiable evidence that user funds are safe
- โฑ๏ธ **Smooth execution:** each phase running without major problems
Reopening is the **first chapter**, not the last. ๐
---
## ๐ก๏ธ What Should You Do?
Whether you withdraw or stay, protect yourself: ๐
- ๐ Turn on **2FA** (authenticator app, not SMS)
- ๐งพ Enable **withdrawal address whitelisting**
- ๐ฃ Beware of **phishing links and fake support accounts**, which spike after incidents
- โ **Double-check addresses and networks** before every transfer
- ๐ซ Avoid panic-withdrawing without a plan
- ๐ง Keep long-term holdings in **cold storage**
- โ๏ธ Never keep **all funds** in one place
---
## ๐ฏ Final Thoughts
Binance is on the road to recovery. ๐ฃ๏ธ Phase One withdrawals and the 95% coverage are strong signals. โ But the real test is whether it can **fully reopen safely while winning back trust.** ๐งฑ
The coming days will tell the story. ๐
๐ฌ **Will you withdraw in Phase One, or are you staying put? Let me know in the comments!** ๐
---
โ ๏ธ *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
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๐จ $3.64 BILLION WITHDRAWN FROM BINANCE!!!!
Customers rushed to withdraw funds as Binance resumed services following the reported $6.3B security incident...!
๐น๏ธ Net outflows: $3.64B
๐น๏ธ Binance says 95% of affected assets have been covered
๐น๏ธ BTC remains near $78K after last week's sharp selloff
๐น๏ธ Market confidence is still under pressure.
Binance says withdrawals are stabilizing but traders are watching closely.
#BinanceToResumePhaseOneOfWithdrawals $BTC $ETH $ZEC #sol
๐จ $3.64 BILLION WITHDRAWN FROM BINANCE!!!!
Customers rushed to withdraw funds as Binance resumed services following the reported $6.3B security incident...!
๐น๏ธ Net outflows: $3.64B
๐น๏ธ Binance says 95% of affected assets have been covered
๐น๏ธ BTC remains near $78K after last week's sharp selloff
๐น๏ธ Market confidence is still under pressure.
Binance says withdrawals are stabilizing but traders are watching closely.
#BinanceToResumePhaseOneOfWithdrawals $BTC $ETH $ZEC #sol
Customers rushed to withdraw funds as Binance resumed services following the reported $6.3B security incident...!
๐น๏ธ Net outflows: $3.64B
๐น๏ธ Binance says 95% of affected assets have been covered
๐น๏ธ BTC remains near $78K after last week's sharp selloff
๐น๏ธ Market confidence is still under pressure.
Binance says withdrawals are stabilizing but traders are watching closely.
#BinanceToResumePhaseOneOfWithdrawals $BTC $ETH $ZEC #sol
1
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ยท
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๐จ BINANCE WITHDRAWALS ARE COMING BACK โ A MAJOR RECOVERY MILESTONE!
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
This is a major step toward restoring user confidence and normal platform operations
The first phase will gradually reopen withdrawals across major networks including BTC ETH BNB SOL XRP DOGE and several others
๐ฅ The Bigger Picture
Binance says it has covered approximately 95% of the affected assets and will absorb the financial impact of the stolen funds rather than passing the losses to users
However this is not a full reopening yet
Withdrawals will return in phases following security checks and some transactions may experience delays during the initial rollout
The key question now is whether Binance can restore full withdrawal access while rebuilding market confidence
Do you think this recovery milestone will strengthen trust in Binance or will users remain cautious?
Source: Binance's official recovery update published November 1, 2026.[binance.com](https://www.binance.com/en/support/announcement/detail/73911fb819b240f88b88256bdd318eda?utm_source=chatgpt.com)
#binancetoresumephaseoneofwithdrawals $BNB
{spot}(BNBUSDT)
๐จ BINANCE WITHDRAWALS ARE COMING BACK โ A MAJOR RECOVERY MILESTONE!
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
This is a major step toward restoring user confidence and normal platform operations
The first phase will gradually reopen withdrawals across major networks including BTC ETH BNB SOL XRP DOGE and several others
๐ฅ The Bigger Picture
Binance says it has covered approximately 95% of the affected assets and will absorb the financial impact of the stolen funds rather than passing the losses to users
However this is not a full reopening yet
Withdrawals will return in phases following security checks and some transactions may experience delays during the initial rollout
The key question now is whether Binance can restore full withdrawal access while rebuilding market confidence
Do you think this recovery milestone will strengthen trust in Binance or will users remain cautious?
Source: Binance's official recovery update published November 1, 2026.binance.com
#binancetoresumephaseoneofwithdrawals $BNB
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
This is a major step toward restoring user confidence and normal platform operations
The first phase will gradually reopen withdrawals across major networks including BTC ETH BNB SOL XRP DOGE and several others
๐ฅ The Bigger Picture
Binance says it has covered approximately 95% of the affected assets and will absorb the financial impact of the stolen funds rather than passing the losses to users
However this is not a full reopening yet
Withdrawals will return in phases following security checks and some transactions may experience delays during the initial rollout
The key question now is whether Binance can restore full withdrawal access while rebuilding market confidence
Do you think this recovery milestone will strengthen trust in Binance or will users remain cautious?
Source: Binance's official recovery update published November 1, 2026.binance.com
#binancetoresumephaseoneofwithdrawals $BNB
Square-Creator-c0fa03737e77e5d06b5b:
a confinรงa foi quebrada... nรฃo acredito que isso
se reestabelessa
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--
We're committed to keeping you updated on three things over the next few days:
Withdrawal status: as soon as service is safely restored.
Our full incident report: a detailed technical post-mortem, published once the investigation is complete and every fact is verified.
Proof of Reserves: published after remediation, so you can verify for yourself that no user balance was affected.
Transparency is not something we do when it's convenient - it's how we show that our commitment to users is absolute. Words are easy; what matters is that every action behind them backs it up - funds covered, service restored, and a promise to show our work through an independent Proof of Reserves.
For verified updates, please follow Binance's official channels only. If anyone contacts you claiming to be Binance and asking for your password, OTP codes or seed phrase, it's a scam - we will never ask for those.
If you need help, contact us directly through official Customer Support
$BTC $BNB $BNB
#BinanceToResumePhaseOneOfWithdrawals
#BinanceUpdatesProofofReservesAddresses
We're committed to keeping you updated on three things over the next few days:
Withdrawal status: as soon as service is safely restored.
Our full incident report: a detailed technical post-mortem, published once the investigation is complete and every fact is verified.
Proof of Reserves: published after remediation, so you can verify for yourself that no user balance was affected.
Transparency is not something we do when it's convenient - it's how we show that our commitment to users is absolute. Words are easy; what matters is that every action behind them backs it up - funds covered, service restored, and a promise to show our work through an independent Proof of Reserves.
For verified updates, please follow Binance's official channels only. If anyone contacts you claiming to be Binance and asking for your password, OTP codes or seed phrase, it's a scam - we will never ask for those.
If you need help, contact us directly through official Customer Support
$BTC $BNB $BNB
#BinanceToResumePhaseOneOfWithdrawals
#BinanceUpdatesProofofReservesAddresses
Withdrawal status: as soon as service is safely restored.
Our full incident report: a detailed technical post-mortem, published once the investigation is complete and every fact is verified.
Proof of Reserves: published after remediation, so you can verify for yourself that no user balance was affected.
Transparency is not something we do when it's convenient - it's how we show that our commitment to users is absolute. Words are easy; what matters is that every action behind them backs it up - funds covered, service restored, and a promise to show our work through an independent Proof of Reserves.
For verified updates, please follow Binance's official channels only. If anyone contacts you claiming to be Binance and asking for your password, OTP codes or seed phrase, it's a scam - we will never ask for those.
If you need help, contact us directly through official Customer Support
$BTC $BNB $BNB
#BinanceToResumePhaseOneOfWithdrawals
#BinanceUpdatesProofofReservesAddresses
2
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ยท
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๐จ Binance withdrawals are BACK,but not all at once!
After a record-breaking hack, customer withdrawals are resuming in phases.
Hereโs what you need to know before you hit โwithdraw.โ
Binance has started reopening customer withdrawals in phases following a record hack.
That means access may roll out gradually rather than everyone getting the green light at the same time.
If your withdrawal isnโt available immediately, donโt panic but do stay alert and verify everything through official channels.
Before you withdraw:
โ
Check official Binance announcements for your account and regionโeligibility and timing may vary.
โ
Confirm your withdrawal addresses carefully.
Scammers love recovery windows like this.
โ
Expect possible delays or staged access.
Phased rollouts are normal in situations like this.
โ
Ignore DMs, fake support accounts, and โunlock your withdrawalโ links.
Verify only through official Binance channels.
โ
Watch for phishing emails and fake urgency โwithdraw now or lose fundsโ is a classic trap.
Withdrawals are coming back in phases, but caution still matters.
Donโt rush, donโt trust random links, and donโt let FOMO override security.
The smart move is to verify first, then act.
๐ Whatโs your move withdraw now, wait it out, or watch for more official updates? Drop your take below.
$BTC
#BinanceToResumePhaseOneOfWithdrawals
๐จ Binance withdrawals are BACK,but not all at once!
After a record-breaking hack, customer withdrawals are resuming in phases.
Hereโs what you need to know before you hit โwithdraw.โ
Binance has started reopening customer withdrawals in phases following a record hack.
That means access may roll out gradually rather than everyone getting the green light at the same time.
If your withdrawal isnโt available immediately, donโt panic but do stay alert and verify everything through official channels.
Before you withdraw:
โ Check official Binance announcements for your account and regionโeligibility and timing may vary.
โ Confirm your withdrawal addresses carefully.
Scammers love recovery windows like this.
โ Expect possible delays or staged access.
Phased rollouts are normal in situations like this.
โ Ignore DMs, fake support accounts, and โunlock your withdrawalโ links.
Verify only through official Binance channels.
โ Watch for phishing emails and fake urgency โwithdraw now or lose fundsโ is a classic trap.
Withdrawals are coming back in phases, but caution still matters.
Donโt rush, donโt trust random links, and donโt let FOMO override security.
The smart move is to verify first, then act.
๐ Whatโs your move withdraw now, wait it out, or watch for more official updates? Drop your take below.
$BTC
#BinanceToResumePhaseOneOfWithdrawals
After a record-breaking hack, customer withdrawals are resuming in phases.
Hereโs what you need to know before you hit โwithdraw.โ
Binance has started reopening customer withdrawals in phases following a record hack.
That means access may roll out gradually rather than everyone getting the green light at the same time.
If your withdrawal isnโt available immediately, donโt panic but do stay alert and verify everything through official channels.
Before you withdraw:
โ Check official Binance announcements for your account and regionโeligibility and timing may vary.
โ Confirm your withdrawal addresses carefully.
Scammers love recovery windows like this.
โ Expect possible delays or staged access.
Phased rollouts are normal in situations like this.
โ Ignore DMs, fake support accounts, and โunlock your withdrawalโ links.
Verify only through official Binance channels.
โ Watch for phishing emails and fake urgency โwithdraw now or lose fundsโ is a classic trap.
Withdrawals are coming back in phases, but caution still matters.
Donโt rush, donโt trust random links, and donโt let FOMO override security.
The smart move is to verify first, then act.
๐ Whatโs your move withdraw now, wait it out, or watch for more official updates? Drop your take below.
$BTC
#BinanceToResumePhaseOneOfWithdrawals
PRIME_CRYPT0:
Such is good
9
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ยท
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#BinanceProcesses$4.65BWithdrawals
Binance's $4.65B withdrawal test: panic or stress test? ๐
Binance reported (Nov 1, 06:00โ15:30 UTC): $4.649B withdrawals vs $1.01B deposits = ~$3.64B net outflow, about 2.1% of its $171B AUM. All 15 first-phase networks were live by 12:36 UTC.
Sources differ: DefiLlama shows $4.05B net outflows over 24h (The Block), Reuters cites $4.36B, Cointelegraph $5.8B. Binance says trackers miss deposits to its new hot wallet, and time windows vary.
Context: the $6.3B hack, attributed by the FBI to North Korea's TraderTraitor. Binance says ~95% of stolen assets are replaced. BTC dipped ~4% near $76K; $1.5B+ liquidated.
What I'm watching:
โข Updated zk Proof of Reserves report due Nov 2
โข Whether outflows keep fading after the first spike
โข BTC support at $76Kโ$77K
Net outflow is not proof of insolvency, but trust comes from verified data, not headlines.
Stay on exchange or self-custody? ๐
Not financial advice.
$BTC
{future}(BTCUSDT)
$BNB
{future}(BNBUSDT)
$ETH
{future}(ETHUSDT)
#BinanceUpdatesProofofReservesAddresses #BinanceToResumePhaseOneOfWithdrawals #Bitcoin
#BinanceProcesses$4.65BWithdrawals
Binance's $4.65B withdrawal test: panic or stress test? ๐
Binance reported (Nov 1, 06:00โ15:30 UTC): $4.649B withdrawals vs $1.01B deposits = ~$3.64B net outflow, about 2.1% of its $171B AUM. All 15 first-phase networks were live by 12:36 UTC.
Sources differ: DefiLlama shows $4.05B net outflows over 24h (The Block), Reuters cites $4.36B, Cointelegraph $5.8B. Binance says trackers miss deposits to its new hot wallet, and time windows vary.
Context: the $6.3B hack, attributed by the FBI to North Korea's TraderTraitor. Binance says ~95% of stolen assets are replaced. BTC dipped ~4% near $76K; $1.5B+ liquidated.
What I'm watching:
โข Updated zk Proof of Reserves report due Nov 2
โข Whether outflows keep fading after the first spike
โข BTC support at $76Kโ$77K
Net outflow is not proof of insolvency, but trust comes from verified data, not headlines.
Stay on exchange or self-custody? ๐
Not financial advice.
$BTC
$BNB
$ETH
#BinanceUpdatesProofofReservesAddresses #BinanceToResumePhaseOneOfWithdrawals #Bitcoin
Binance's $4.65B withdrawal test: panic or stress test? ๐
Binance reported (Nov 1, 06:00โ15:30 UTC): $4.649B withdrawals vs $1.01B deposits = ~$3.64B net outflow, about 2.1% of its $171B AUM. All 15 first-phase networks were live by 12:36 UTC.
Sources differ: DefiLlama shows $4.05B net outflows over 24h (The Block), Reuters cites $4.36B, Cointelegraph $5.8B. Binance says trackers miss deposits to its new hot wallet, and time windows vary.
Context: the $6.3B hack, attributed by the FBI to North Korea's TraderTraitor. Binance says ~95% of stolen assets are replaced. BTC dipped ~4% near $76K; $1.5B+ liquidated.
What I'm watching:
โข Updated zk Proof of Reserves report due Nov 2
โข Whether outflows keep fading after the first spike
โข BTC support at $76Kโ$77K
Net outflow is not proof of insolvency, but trust comes from verified data, not headlines.
Stay on exchange or self-custody? ๐
Not financial advice.
$BTC
$BNB
$ETH
#BinanceUpdatesProofofReservesAddresses #BinanceToResumePhaseOneOfWithdrawals #Bitcoin
127
ยท
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Withdrawals have started coming back since my last draft.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 1โ2)
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
Withdrawals have started coming back since my last draft.
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 1โ2)
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
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 1โ2)
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
111
ยท
--
$BNB
1. Binance security breach
29 October ko Binance par reported $6.3 billion ka security breach hua.
FBI ne attack ka link North Korea ke TraderTraitor group se jora.
Binance ne kaha ke stolen assets ka approximately 95% recover ya replace kar diya gaya hai.
1 November ko withdrawals phased manner mein restore kiye gaye. ๏ฟผ
2. BNB Chain unaffected
BNB Smart Chain, opBNB and Greenfield reportedly continued operating normally.
Binance stated that network and bridge contracts were not affected. ๏ฟผ
3. BNB price update
Last reported Binance market update ยท 1 November
710.82 USDT
Not a live November 2 quote. ๏ฟผ
My trading view
Bullish: recovery after withdrawal services stabilize.
Bearish: further security concerns or heavy withdrawals.
Watch: BTC direction, Binance announcements and BNB volume.
#FBIConfirmsNorthKoreaIsResponsibleForBinanceCryptoHack #CZDismissesClaimsBinanceHackWasPredicted #BinanceToResumePhaseOneOfWithdrawals #BinanceUpdatesProofofReservesAddresses
{spot}(BNBUSDT)
$BNB
1. Binance security breach
29 October ko Binance par reported $6.3 billion ka security breach hua.
FBI ne attack ka link North Korea ke TraderTraitor group se jora.
Binance ne kaha ke stolen assets ka approximately 95% recover ya replace kar diya gaya hai.
1 November ko withdrawals phased manner mein restore kiye gaye. ๏ฟผ
2. BNB Chain unaffected
BNB Smart Chain, opBNB and Greenfield reportedly continued operating normally.
Binance stated that network and bridge contracts were not affected. ๏ฟผ
3. BNB price update
Last reported Binance market update ยท 1 November
710.82 USDT
Not a live November 2 quote. ๏ฟผ
My trading view
Bullish: recovery after withdrawal services stabilize.
Bearish: further security concerns or heavy withdrawals.
Watch: BTC direction, Binance announcements and BNB volume.
#FBIConfirmsNorthKoreaIsResponsibleForBinanceCryptoHack #CZDismissesClaimsBinanceHackWasPredicted #BinanceToResumePhaseOneOfWithdrawals #BinanceUpdatesProofofReservesAddresses
1. Binance security breach
29 October ko Binance par reported $6.3 billion ka security breach hua.
FBI ne attack ka link North Korea ke TraderTraitor group se jora.
Binance ne kaha ke stolen assets ka approximately 95% recover ya replace kar diya gaya hai.
1 November ko withdrawals phased manner mein restore kiye gaye. ๏ฟผ
2. BNB Chain unaffected
BNB Smart Chain, opBNB and Greenfield reportedly continued operating normally.
Binance stated that network and bridge contracts were not affected. ๏ฟผ
3. BNB price update
Last reported Binance market update ยท 1 November
710.82 USDT
Not a live November 2 quote. ๏ฟผ
My trading view
Bullish: recovery after withdrawal services stabilize.
Bearish: further security concerns or heavy withdrawals.
Watch: BTC direction, Binance announcements and BNB volume.
#FBIConfirmsNorthKoreaIsResponsibleForBinanceCryptoHack #CZDismissesClaimsBinanceHackWasPredicted #BinanceToResumePhaseOneOfWithdrawals #BinanceUpdatesProofofReservesAddresses
114
ยท
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Verified
๐จ JUST IN: $3.75B withdrawn from Binance in 10 hours after exchange resumed withdrawals!
$ESPORTS
{future}(ESPORTSUSDT)
#BinanceToResumePhaseOneOfWithdrawals #EarningsSeason
๐จ JUST IN: $3.75B withdrawn from Binance in 10 hours after exchange resumed withdrawals!
$ESPORTS
#BinanceToResumePhaseOneOfWithdrawals #EarningsSeason
$ESPORTS
#BinanceToResumePhaseOneOfWithdrawals #EarningsSeason
1
770
ยท
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Article
Crypto market analysis after a major attackโ๐ Market Analysis & Outlook: The Post-Hack Path to Recovery
โThe Reality Check:
The record-breaking breach saw ~$6.34B drained via hot wallet exploits tied to EIP-7702 key delegations. Despite the historic headline figure, key backstops prevented an exchange collapse:
โAsset Containment: Over $2.7Bโ$3.0B in stolen USDC, USDT, and Ripple were swiftly frozen by Circle, Tether, and partner protocols.
โSAFU Backstop: Binance confirmed customer funds were untouched and pledged full reimbursement via corporate reserves.
โLeverage Wipeout: The market dip was primarily driven by over $600M+ in leveraged long liquidations within 60 minutes rather than spot panicking.
โ๐ฎ Major Coins: Price Impact & Recovery Projections
โ1. Bitcoin ($BTC )
โCurrent Status: Dropped to the ~$76,400โ$77,500 zone following the initial panic.
โMarket Behavior: Showed resilience compared to historic exchange crises. Institutional absorption via US Spot ETFs (holding ~1.3M BTC) prevented cascading panic sales.
โRecovery Path: Expect BTC to consolidate in the $76,000โ$78,000 range while Binance finishes resuming full withdrawal services. A swift reclaim of $80,000 is projected once on-chain sentiment stabilizes and liquidity flows back from sidelined stablecoins.
โ2. Ethereum ($ETH )
โCurrent Status: Slid down to ~$2,180โ$2,220.
โMarket Behavior: Bearish pressure spiked because the attacker held over 195,000+ un-routed ETH following the hot-wallet exploit.
โRecovery Path: ETH faces short-term overhead resistance until the movement of the attacker's wallet addresses is fully contained or tracked. Expect range-bound trading between $2,100 and $2,350 before a steady structural rebound as EIP-7702 security patches are implemented.
โ3. Binance Coin ($BNB )
โCurrent Status: Pulled back ~6โ10%, testing support near $680โ$705.
โMarket Behavior: Functioned as the primary sentiment barometer. However, unlike historical exchange collapses (e.g., FTT in 2022), BNB did not experience a solvency spiral because no BNB tokens were compromised in the exploit.
โRecovery Path: As Binance proves its proof-of-reserves continuity and processes the withdrawal backlog, BNB is poised for a relief rally toward $740โ$760, backed by exchange burn dynamics and SAFU fund assurance.
โ4. Solana ($SOL)
โCurrent Status: Trades around $93โ$97 after breaking below $100.
โMarket Behavior: Despite $SOL having zero involvement in the breach, high-beta altcoins suffered heavy cross-pair derivative liquidations.
โRecovery Path: Highly responsive to market relief. Once $BTC reclaims $80k,$SOL is expected to outperform altcoins with a fast reclamation of the $110โ$120 level.
โ๐ก Takeaways for Traders
โSelf-Custody Rotation: Expect short-term spikes in hardware wallet demand and DEX volume as users temporarily diversify custody risk.
โWatch the Unfreeze: Re-opening of standard deposits/withdrawals on Binance will serve as the final confirmation catalyst to restore full market liquidity.
โInstitutional Floor: Strong ETF holdings continue to cushion spot crypto markets from cascading down to systemic lows.
#BinanceProcesses$4.65BWithdrawals #WithdrawalsBack: 15 networks live #BinanceUpdatesProofofReservesAddresses #BinanceToResumePhaseOneOfWithdrawals #IntelHasItsWorstDaySince1974
{spot}(BTCUSDT)
{spot}(SOLUSDT)
{spot}(BNBUSDT)
Crypto market analysis after a major attack
โ๐ Market Analysis & Outlook: The Post-Hack Path to Recovery
โThe Reality Check:
The record-breaking breach saw ~$6.34B drained via hot wallet exploits tied to EIP-7702 key delegations. Despite the historic headline figure, key backstops prevented an exchange collapse:
โAsset Containment: Over $2.7Bโ$3.0B in stolen USDC, USDT, and Ripple were swiftly frozen by Circle, Tether, and partner protocols.
โSAFU Backstop: Binance confirmed customer funds were untouched and pledged full reimbursement via corporate reserves.
โLeverage Wipeout: The market dip was primarily driven by over $600M+ in leveraged long liquidations within 60 minutes rather than spot panicking.
โ๐ฎ Major Coins: Price Impact & Recovery Projections
โ1. Bitcoin ($BTC )
โCurrent Status: Dropped to the ~$76,400โ$77,500 zone following the initial panic.
โMarket Behavior: Showed resilience compared to historic exchange crises. Institutional absorption via US Spot ETFs (holding ~1.3M BTC) prevented cascading panic sales.
โRecovery Path: Expect BTC to consolidate in the $76,000โ$78,000 range while Binance finishes resuming full withdrawal services. A swift reclaim of $80,000 is projected once on-chain sentiment stabilizes and liquidity flows back from sidelined stablecoins.
โ2. Ethereum ($ETH )
โCurrent Status: Slid down to ~$2,180โ$2,220.
โMarket Behavior: Bearish pressure spiked because the attacker held over 195,000+ un-routed ETH following the hot-wallet exploit.
โRecovery Path: ETH faces short-term overhead resistance until the movement of the attacker's wallet addresses is fully contained or tracked. Expect range-bound trading between $2,100 and $2,350 before a steady structural rebound as EIP-7702 security patches are implemented.
โ3. Binance Coin ($BNB )
โCurrent Status: Pulled back ~6โ10%, testing support near $680โ$705.
โMarket Behavior: Functioned as the primary sentiment barometer. However, unlike historical exchange collapses (e.g., FTT in 2022), BNB did not experience a solvency spiral because no BNB tokens were compromised in the exploit.
โRecovery Path: As Binance proves its proof-of-reserves continuity and processes the withdrawal backlog, BNB is poised for a relief rally toward $740โ$760, backed by exchange burn dynamics and SAFU fund assurance.
โ4. Solana ($SOL)
โCurrent Status: Trades around $93โ$97 after breaking below $100.
โMarket Behavior: Despite $SOL having zero involvement in the breach, high-beta altcoins suffered heavy cross-pair derivative liquidations.
โRecovery Path: Highly responsive to market relief. Once $BTC reclaims $80k,$SOL is expected to outperform altcoins with a fast reclamation of the $110โ$120 level.
โ๐ก Takeaways for Traders
โSelf-Custody Rotation: Expect short-term spikes in hardware wallet demand and DEX volume as users temporarily diversify custody risk.
โWatch the Unfreeze: Re-opening of standard deposits/withdrawals on Binance will serve as the final confirmation catalyst to restore full market liquidity.
โInstitutional Floor: Strong ETF holdings continue to cushion spot crypto markets from cascading down to systemic lows.
#BinanceProcesses$4.65BWithdrawals #WithdrawalsBack: 15 networks live #BinanceUpdatesProofofReservesAddresses #BinanceToResumePhaseOneOfWithdrawals #IntelHasItsWorstDaySince1974
โThe Reality Check:
The record-breaking breach saw ~$6.34B drained via hot wallet exploits tied to EIP-7702 key delegations. Despite the historic headline figure, key backstops prevented an exchange collapse:
โAsset Containment: Over $2.7Bโ$3.0B in stolen USDC, USDT, and Ripple were swiftly frozen by Circle, Tether, and partner protocols.
โSAFU Backstop: Binance confirmed customer funds were untouched and pledged full reimbursement via corporate reserves.
โLeverage Wipeout: The market dip was primarily driven by over $600M+ in leveraged long liquidations within 60 minutes rather than spot panicking.
โ๐ฎ Major Coins: Price Impact & Recovery Projections
โ1. Bitcoin ($BTC )
โCurrent Status: Dropped to the ~$76,400โ$77,500 zone following the initial panic.
โMarket Behavior: Showed resilience compared to historic exchange crises. Institutional absorption via US Spot ETFs (holding ~1.3M BTC) prevented cascading panic sales.
โRecovery Path: Expect BTC to consolidate in the $76,000โ$78,000 range while Binance finishes resuming full withdrawal services. A swift reclaim of $80,000 is projected once on-chain sentiment stabilizes and liquidity flows back from sidelined stablecoins.
โ2. Ethereum ($ETH )
โCurrent Status: Slid down to ~$2,180โ$2,220.
โMarket Behavior: Bearish pressure spiked because the attacker held over 195,000+ un-routed ETH following the hot-wallet exploit.
โRecovery Path: ETH faces short-term overhead resistance until the movement of the attacker's wallet addresses is fully contained or tracked. Expect range-bound trading between $2,100 and $2,350 before a steady structural rebound as EIP-7702 security patches are implemented.
โ3. Binance Coin ($BNB )
โCurrent Status: Pulled back ~6โ10%, testing support near $680โ$705.
โMarket Behavior: Functioned as the primary sentiment barometer. However, unlike historical exchange collapses (e.g., FTT in 2022), BNB did not experience a solvency spiral because no BNB tokens were compromised in the exploit.
โRecovery Path: As Binance proves its proof-of-reserves continuity and processes the withdrawal backlog, BNB is poised for a relief rally toward $740โ$760, backed by exchange burn dynamics and SAFU fund assurance.
โ4. Solana ($SOL)
โCurrent Status: Trades around $93โ$97 after breaking below $100.
โMarket Behavior: Despite $SOL having zero involvement in the breach, high-beta altcoins suffered heavy cross-pair derivative liquidations.
โRecovery Path: Highly responsive to market relief. Once $BTC reclaims $80k,$SOL is expected to outperform altcoins with a fast reclamation of the $110โ$120 level.
โ๐ก Takeaways for Traders
โSelf-Custody Rotation: Expect short-term spikes in hardware wallet demand and DEX volume as users temporarily diversify custody risk.
โWatch the Unfreeze: Re-opening of standard deposits/withdrawals on Binance will serve as the final confirmation catalyst to restore full market liquidity.
โInstitutional Floor: Strong ETF holdings continue to cushion spot crypto markets from cascading down to systemic lows.
#BinanceProcesses$4.65BWithdrawals #WithdrawalsBack: 15 networks live #BinanceUpdatesProofofReservesAddresses #BinanceToResumePhaseOneOfWithdrawals #IntelHasItsWorstDaySince1974
292
ยท
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Verified
๐จ Binance Withdrawal Update: $4.649 Billion Processed in Just 9.5 Hours
Here's an important update for Binance users following the phased restoration of withdrawals on November 1.
Binance began restoring withdrawals at 06:00 UTC, and by 12:36 UTC, withdrawals had resumed across all 15 networks and assets included in the initial phase.
Key numbers | November 1, 06:00โ15:30 UTC
๐ Withdrawals: $4.649 billion
๐ Deposits: $1.01 billion
๐ Net outflow: Approximately $3.64 billion
๐ Total AUM: $171 billion
๐ Net outflow as a share of AUM: 2.1%
Following the initial surge, withdrawal volumes have started declining and stabilising, while deposit activity has remained substantial.
Another important development: A new Proof of Reserves snapshot was taken on October 31, with zero-knowledge proof computations underway. The updated report is expected on November 2.
Testing of the remaining networks and assets is still ongoing, with further restoration phases expected to be communicated.
My takeaway: The numbers are significant, but the bigger picture matters. The reported net outflow represents approximately 2.1% of Binance's total AUM. Withdrawal activity appears to be stabilising, and the next Proof of Reserves update will be worth watching.
For users, the priority remains simple: stay informed, verify official updates, and avoid making decisions based on speculation.
FYI: Always DYOR (Do Your Own Research) and refer to official Binance announcements for the latest verified information and updates.
$BNB
{spot}(BNBUSDT)
$AAPLB
{spot}(AAPLBUSDT)
$AMZNB
{spot}(AMZNBUSDT)
#BinanceToResumePhaseOneOfWithdrawals
๐จ Binance Withdrawal Update: $4.649 Billion Processed in Just 9.5 Hours
Here's an important update for Binance users following the phased restoration of withdrawals on November 1.
Binance began restoring withdrawals at 06:00 UTC, and by 12:36 UTC, withdrawals had resumed across all 15 networks and assets included in the initial phase.
Key numbers | November 1, 06:00โ15:30 UTC
๐ Withdrawals: $4.649 billion
๐ Deposits: $1.01 billion
๐ Net outflow: Approximately $3.64 billion
๐ Total AUM: $171 billion
๐ Net outflow as a share of AUM: 2.1%
Following the initial surge, withdrawal volumes have started declining and stabilising, while deposit activity has remained substantial.
Another important development: A new Proof of Reserves snapshot was taken on October 31, with zero-knowledge proof computations underway. The updated report is expected on November 2.
Testing of the remaining networks and assets is still ongoing, with further restoration phases expected to be communicated.
My takeaway: The numbers are significant, but the bigger picture matters. The reported net outflow represents approximately 2.1% of Binance's total AUM. Withdrawal activity appears to be stabilising, and the next Proof of Reserves update will be worth watching.
For users, the priority remains simple: stay informed, verify official updates, and avoid making decisions based on speculation.
FYI: Always DYOR (Do Your Own Research) and refer to official Binance announcements for the latest verified information and updates.
$BNB
$AAPLB
$AMZNB
#BinanceToResumePhaseOneOfWithdrawals
Here's an important update for Binance users following the phased restoration of withdrawals on November 1.
Binance began restoring withdrawals at 06:00 UTC, and by 12:36 UTC, withdrawals had resumed across all 15 networks and assets included in the initial phase.
Key numbers | November 1, 06:00โ15:30 UTC
๐ Withdrawals: $4.649 billion
๐ Deposits: $1.01 billion
๐ Net outflow: Approximately $3.64 billion
๐ Total AUM: $171 billion
๐ Net outflow as a share of AUM: 2.1%
Following the initial surge, withdrawal volumes have started declining and stabilising, while deposit activity has remained substantial.
Another important development: A new Proof of Reserves snapshot was taken on October 31, with zero-knowledge proof computations underway. The updated report is expected on November 2.
Testing of the remaining networks and assets is still ongoing, with further restoration phases expected to be communicated.
My takeaway: The numbers are significant, but the bigger picture matters. The reported net outflow represents approximately 2.1% of Binance's total AUM. Withdrawal activity appears to be stabilising, and the next Proof of Reserves update will be worth watching.
For users, the priority remains simple: stay informed, verify official updates, and avoid making decisions based on speculation.
FYI: Always DYOR (Do Your Own Research) and refer to official Binance announcements for the latest verified information and updates.
$BNB
$AAPLB
$AMZNB
#BinanceToResumePhaseOneOfWithdrawals
263
ยท
--
Article
๐จ BINANCE WITHDRAWALS RESUME IN PHASES! WHAT USERS NEED TO KNOW๐จ BINANCE WITHDRAWALS RESUME IN PHASES! WHAT USERS NEED TO KNOW
A major update for the Binance community! ๐ฅ
After the recent security incident that disrupted cryptocurrency withdrawals, Binance has announced a phased restart of withdrawal services.
This is an important development for millions of crypto users who have been waiting for normal withdrawal access.
But what exactly is changing? Let's break it down. ๐
๐ฆ 1. Binance Announces Phase One
According to Binance's official November 1 announcement, Phase One of withdrawal services was scheduled to begin between 06:00 and 09:00 UTC on November 1.
The exchange is restoring services gradually rather than reopening every network at once.
The goal is to complete security and stability checks before making each network available.
๐ช 2. Which Coins and Networks Are Included?
The first phase covers selected assets across these networks:
Bitcoin ($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.
๐ 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.
๐ 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.
๐ 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.
๐ฌ 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.
๐จ BINANCE WITHDRAWALS RESUME IN PHASES! WHAT USERS NEED TO KNOW
๐จ BINANCE WITHDRAWALS RESUME IN PHASES! WHAT USERS NEED TO KNOW
A major update for the Binance community! ๐ฅ
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. ๐
๐ฆ 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.
๐ช 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.
๐ 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.
๐ 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.
๐ 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.
๐ฌ 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.
A major update for the Binance community! ๐ฅ
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. ๐
๐ฆ 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.
๐ช 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.
๐ 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.
๐ 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.
๐ 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.
๐ฌ 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.
31
ยท
--
Bullish
#binancetoresumephaseoneofwithdrawals
๐จ BINANCE WITHDRAWALS PHASE 1 IS LIVE TODAY! ๐ก๏ธโก
3-Hour Window: Phase 1 runs from 06:00 to 09:00 UTC, focusing on major assets like BTC, ETH, and BNB.
95% Replenished: Binance reports that 95% of the stolen funds have already been covered by corporate reserves, with zero user financial impact.
Expect Heavy Traffic: Processing times may be slower as safety checks run step-by-step.
Stay Safe: Beware of phishing linksโonly use official Binance announcements! โ ๏ธ
๐ฌ YOUR TURN: Are you withdrawing today or waiting? Drop your thoughts below! ๐
"CLICK ON THE BELOW YELLOW COIN TAG TO GO TO DESIRED TRADING PAGE TO GET BENEFIT TRADE" $AVAX
{future}(AVAXUSDT)
$BTC
{future}(BTCUSDT)
$ETH
{future}(ETHUSDT)
#BinanceRestoresWithdrawalsForEthereumNetwork&BNBSmartChain #BinanceUpdatesProofofReservesAddresses #BinanceSAFUFundTransferCompleted7499BTC #BinanceSquare
#binancetoresumephaseoneofwithdrawals
๐จ BINANCE WITHDRAWALS PHASE 1 IS LIVE TODAY! ๐ก๏ธโก
3-Hour Window: Phase 1 runs from 06:00 to 09:00 UTC, focusing on major assets like BTC, ETH, and BNB.
95% Replenished: Binance reports that 95% of the stolen funds have already been covered by corporate reserves, with zero user financial impact.
Expect Heavy Traffic: Processing times may be slower as safety checks run step-by-step.
Stay Safe: Beware of phishing linksโonly use official Binance announcements! โ ๏ธ
๐ฌ YOUR TURN: Are you withdrawing today or waiting? Drop your thoughts below! ๐
"CLICK ON THE BELOW YELLOW COIN TAG TO GO TO DESIRED TRADING PAGE TO GET BENEFIT TRADE" $AVAX
$BTC
$ETH
#BinanceRestoresWithdrawalsForEthereumNetwork&BNBSmartChain #BinanceUpdatesProofofReservesAddresses #BinanceSAFUFundTransferCompleted7499BTC #BinanceSquare
๐จ BINANCE WITHDRAWALS PHASE 1 IS LIVE TODAY! ๐ก๏ธโก
3-Hour Window: Phase 1 runs from 06:00 to 09:00 UTC, focusing on major assets like BTC, ETH, and BNB.
95% Replenished: Binance reports that 95% of the stolen funds have already been covered by corporate reserves, with zero user financial impact.
Expect Heavy Traffic: Processing times may be slower as safety checks run step-by-step.
Stay Safe: Beware of phishing linksโonly use official Binance announcements! โ ๏ธ
๐ฌ YOUR TURN: Are you withdrawing today or waiting? Drop your thoughts below! ๐
"CLICK ON THE BELOW YELLOW COIN TAG TO GO TO DESIRED TRADING PAGE TO GET BENEFIT TRADE" $AVAX
$BTC
$ETH
#BinanceRestoresWithdrawalsForEthereumNetwork&BNBSmartChain #BinanceUpdatesProofofReservesAddresses #BinanceSAFUFundTransferCompleted7499BTC #BinanceSquare
Arge_ar:
no pienso mover un solo centavo, por el contrario seguire apostando a la plataforma que brinda un servicio mas transparente y seguro que un banco, en donde al menos argentina si hay un robo menor no te notifican automaticamente y te cubren, ahora si el robo es mayor te notifican pero te cubren hasta un maximo , asi que prefiero estar aca donde me cubrieron todo!
1
2
1.7k
ยท
--
Bullish
๐จ Binance Withdrawals Resume! ๐
Binance has started restoring withdrawal services in phases from November 1, 2026. Users can check their preferred coins and networks to confirm availability.
โ ๏ธ Withdrawal status may vary by network, so always verify availability on the official Binance app before transferring funds.
#BinanceUpdatesProofofReservesAddresses #BinanceToResumePhaseOneOfWithdrawals #CZDismissesClaimsBinanceHackWasPredicted #alphatrading_
$AAPLB $NVDAB $SPCXB
๐จ Binance Withdrawals Resume! ๐
Binance has started restoring withdrawal services in phases from November 1, 2026. Users can check their preferred coins and networks to confirm availability.
โ ๏ธ Withdrawal status may vary by network, so always verify availability on the official Binance app before transferring funds.
#BinanceUpdatesProofofReservesAddresses #BinanceToResumePhaseOneOfWithdrawals #CZDismissesClaimsBinanceHackWasPredicted #alphatrading_
$AAPLB $NVDAB $SPCXB
Binance has started restoring withdrawal services in phases from November 1, 2026. Users can check their preferred coins and networks to confirm availability.
โ ๏ธ Withdrawal status may vary by network, so always verify availability on the official Binance app before transferring funds.
#BinanceUpdatesProofofReservesAddresses #BinanceToResumePhaseOneOfWithdrawals #CZDismissesClaimsBinanceHackWasPredicted #alphatrading_
$AAPLB $NVDAB $SPCXB
1
166
ยท
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๐จ BREAKING: The Biggest Crypto Heist Ever Confirmed๐ฅ
FBI says North Korea's TraderTraitor group is behind the massive $6.3B hack on Binance.
Hackers drained $6.36B across 10 blockchains in minutes and are now laundering it into Ethereum via DeFi bridges.
FBI has issued an emergency alert to exchanges worldwide to freeze the wallets. Binance says user funds are safe and withdrawals have resumed after covering the losses.
This is now the largest crypto theft in history. $BTC $BNB $ETH
#CZDismissesClaimsBinanceHackWasPredicted
#NorthKoreaHackers #Write2Earn #BinanceToResumePhaseOneOfWithdrawals
๐จ BREAKING: The Biggest Crypto Heist Ever Confirmed๐ฅ
FBI says North Korea's TraderTraitor group is behind the massive $6.3B hack on Binance.
Hackers drained $6.36B across 10 blockchains in minutes and are now laundering it into Ethereum via DeFi bridges.
FBI has issued an emergency alert to exchanges worldwide to freeze the wallets. Binance says user funds are safe and withdrawals have resumed after covering the losses.
This is now the largest crypto theft in history. $BTC $BNB $ETH
#CZDismissesClaimsBinanceHackWasPredicted
#NorthKoreaHackers #Write2Earn #BinanceToResumePhaseOneOfWithdrawals
FBI says North Korea's TraderTraitor group is behind the massive $6.3B hack on Binance.
Hackers drained $6.36B across 10 blockchains in minutes and are now laundering it into Ethereum via DeFi bridges.
FBI has issued an emergency alert to exchanges worldwide to freeze the wallets. Binance says user funds are safe and withdrawals have resumed after covering the losses.
This is now the largest crypto theft in history. $BTC $BNB $ETH
#CZDismissesClaimsBinanceHackWasPredicted
#NorthKoreaHackers #Write2Earn #BinanceToResumePhaseOneOfWithdrawals
2
79
ยท
--
Important Update: Phased Withdrawal Reopening & Fund Security ๐ก๏ธ
On October 29, Binance experienced a sophisticated security breach targeting our hot wallets. We want to be direct with our community about what happened and how we are responding:
โข What Happened: A complex cyberattack compromised an internal system, allowing unauthorized access to certain hot wallets across multiple blockchains.
โข Your Funds Are Safe: We are absorbing 100% of the financial impact. Thanks to our corporate treasury and the SAFU fund, 95% of the affected assets have already been replaced. Your balances remain fully backed.
โข Withdrawals Resuming: Following a temporary freeze to secure the platform, customer withdrawals are successfully resuming in phases. Access is now restored across 15 major networks, including Bitcoin ($BTC ), Ethereum ($ETH ), Solana (SOL), $BNB , Tron, and Dogecoin.
We are working around the clock to restore full functionality for all remaining altcoins. Thank you for your patience and continued trust as we safely bring all services back online.
For real-time status updates on specific networks, please check our official announcement page.
#BinanceToResumePhaseOneOfWithdrawals #IntelHasItsWorstDaySince1974 #BTC่ตฐๅฟๅๆ #bnbไธ่ผฉๅญ #Ethereum
Important Update: Phased Withdrawal Reopening & Fund Security ๐ก๏ธ
On October 29, Binance experienced a sophisticated security breach targeting our hot wallets. We want to be direct with our community about what happened and how we are responding:
โข What Happened: A complex cyberattack compromised an internal system, allowing unauthorized access to certain hot wallets across multiple blockchains.
โข Your Funds Are Safe: We are absorbing 100% of the financial impact. Thanks to our corporate treasury and the SAFU fund, 95% of the affected assets have already been replaced. Your balances remain fully backed.
โข Withdrawals Resuming: Following a temporary freeze to secure the platform, customer withdrawals are successfully resuming in phases. Access is now restored across 15 major networks, including Bitcoin ($BTC ), Ethereum ($ETH ), Solana (SOL), $BNB , Tron, and Dogecoin.
We are working around the clock to restore full functionality for all remaining altcoins. Thank you for your patience and continued trust as we safely bring all services back online.
For real-time status updates on specific networks, please check our official announcement page.
#BinanceToResumePhaseOneOfWithdrawals #IntelHasItsWorstDaySince1974 #BTC่ตฐๅฟๅๆ #bnbไธ่ผฉๅญ #Ethereum
On October 29, Binance experienced a sophisticated security breach targeting our hot wallets. We want to be direct with our community about what happened and how we are responding:
โข What Happened: A complex cyberattack compromised an internal system, allowing unauthorized access to certain hot wallets across multiple blockchains.
โข Your Funds Are Safe: We are absorbing 100% of the financial impact. Thanks to our corporate treasury and the SAFU fund, 95% of the affected assets have already been replaced. Your balances remain fully backed.
โข Withdrawals Resuming: Following a temporary freeze to secure the platform, customer withdrawals are successfully resuming in phases. Access is now restored across 15 major networks, including Bitcoin ($BTC ), Ethereum ($ETH ), Solana (SOL), $BNB , Tron, and Dogecoin.
We are working around the clock to restore full functionality for all remaining altcoins. Thank you for your patience and continued trust as we safely bring all services back online.
For real-time status updates on specific networks, please check our official announcement page.
#BinanceToResumePhaseOneOfWithdrawals #IntelHasItsWorstDaySince1974 #BTC่ตฐๅฟๅๆ #bnbไธ่ผฉๅญ #Ethereum
94
ยท
--
BINANCE SEES $3.5 BILLION IN OUTFLOWS AFTER RECORD $6.3 BILLION HACK
Binance recorded more than $3.5 billion in net outflows Sunday, according to DefiLlama, after resuming withdrawals following a $6.3 billion cryptocurrency theft.
The exchange says it has replaced 95% of stolen assets, with withdrawals now stabilizing.
The FBI attributed the attack to North Koreaโs TraderTraitor hacking group, although President Trump said the countryโs involvement remains uncertain.
#BinanceProcesses$4.65BWithdrawals
#BinanceUpdatesProofofReservesAddresses
#BinanceToResumePhaseOneOfWithdrawals
#FBIConfirmsNorthKoreaIsResponsibleForBinanceCryptoHack
#USSpotETHETFsPost23StraightDaysOfNetOutflows
$BTC
{spot}(BTCUSDT)
BINANCE SEES $3.5 BILLION IN OUTFLOWS AFTER RECORD $6.3 BILLION HACK
Binance recorded more than $3.5 billion in net outflows Sunday, according to DefiLlama, after resuming withdrawals following a $6.3 billion cryptocurrency theft.
The exchange says it has replaced 95% of stolen assets, with withdrawals now stabilizing.
The FBI attributed the attack to North Koreaโs TraderTraitor hacking group, although President Trump said the countryโs involvement remains uncertain.
#BinanceProcesses$4.65BWithdrawals
#BinanceUpdatesProofofReservesAddresses
#BinanceToResumePhaseOneOfWithdrawals
#FBIConfirmsNorthKoreaIsResponsibleForBinanceCryptoHack
#USSpotETHETFsPost23StraightDaysOfNetOutflows
$BTC
Binance recorded more than $3.5 billion in net outflows Sunday, according to DefiLlama, after resuming withdrawals following a $6.3 billion cryptocurrency theft.
The exchange says it has replaced 95% of stolen assets, with withdrawals now stabilizing.
The FBI attributed the attack to North Koreaโs TraderTraitor hacking group, although President Trump said the countryโs involvement remains uncertain.
#BinanceProcesses$4.65BWithdrawals
#BinanceUpdatesProofofReservesAddresses
#BinanceToResumePhaseOneOfWithdrawals
#FBIConfirmsNorthKoreaIsResponsibleForBinanceCryptoHack
#USSpotETHETFsPost23StraightDaysOfNetOutflows
$BTC
96
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