Binance (BNB) Restarts Withdrawals in Phases After $6.3B Hack

By Nodora News · 1 November 2026 · Updated 1 November

Binance (BNB) is restarting withdrawals in phases across 15 networks after the $6.3B hack, saying it has now replaced about 95% of the stolen assets.

Binance, the world's largest crypto exchange and the company behind BNB (BNB), started bringing customer withdrawals back online on Sunday, November 1, 2026. The first window runs from 06:00 to 09:00 UTC (5pm to 8pm in Melbourne, 1am to 4am in New York) and covers 15 networks, including Bitcoin, Ethereum, BNB Chain and Solana. Withdrawals had been frozen for more than two days after the record $6.3 billion hack, and Binance now says it has replaced about 95% of the stolen assets with its own money.

Key takeaways

• Binance's phase one withdrawal window opened on November 1, from 06:00 to 09:00 UTC.
• 15 networks are included at first, from Bitcoin and Ethereum to BNB Chain, Solana, XRP and Sui.
• The exchange says it has replenished about 95% of affected assets, up from roughly 90% a day earlier.
• Customer balances in ten major assets, including BTC, ETH, USDT, BNB and SOL, are described as 100% backed.
• The remaining 5% is less liquid tokens that will reopen later, once Binance has bought enough of them.

What Happened: Binance Begins Phased Withdrawals

In its fourth recovery update, published late on Saturday, Binance said it would restore withdrawals in stages rather than switching everything back on at once. Deposits were never paused and remain open.

Co-CEO Richard Teng confirmed the restart on Sunday, saying the exchange was "taking a careful approach" so that services return safely. He repeated the company's promise that Binance, not its users, will absorb the financial impact of the theft.

The pause began after attackers drained Binance hot wallets late last week in what is now the largest crypto heist on record. On Saturday the FBI attributed the attack to TraderTraitor, a hacking unit linked to the North Korean state, as covered in our earlier report on the FBI's North Korea finding.

Which Coins Can You Withdraw From Binance Now?

Binance said it picked the first group based on what users had been trying to withdraw over the past week. Phase one covers these networks and assets:

• Bitcoin: BTC
• Ethereum: ETH, USDT, USDC
• BNB Smart Chain: BNB, USDT, USDC
• TRON: TRX, USDT
• Solana: SOL, USDT, USDC
• XRP Ledger: XRP
• Zcash: ZEC
• Dogecoin: DOGE
• TON: USDT, GRAM
• Polygon: POL, USDT, USDC
• Avalanche C-Chain: AVAX, USDT, USDC
• Arbitrum: ETH, USDT, USDC, ARB
• Base: ETH, USDC
• Optimism: ETH, USDT, USDC
• Sui: SUI

Other networks and tokens will follow once they pass security and stability checks. Binance warned that the first hours may be busy, so some withdrawals could be slow or fail, and users can simply try again a little later. The exchange's withdrawal page and network status page show what is currently available.

How Much of the $6.3 Billion Has Binance Replaced?

The recovery has moved quickly. Binance said it had covered about 80% of the shortfall earlier in the week, around 90% on Saturday (see our report on Binance replacing 90% of the stolen funds), and about 95% by its latest update.

According to the exchange and reporting by CoinDesk and Reuters:

• Balances in BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are fully backed, and users can check them in Binance's proof-of-reserves snapshot.
• The missing 5% is made up of tokens outside the top ten by liquidity, which take longer to buy in size through public markets and over-the-counter (OTC) desks, where large trades are arranged privately.
• The money comes from Binance's corporate treasury, part of its futures insurance fund and its emergency user fund, known as SAFU (Secure Asset Fund for Users).
• Partners had separately frozen roughly $3 billion of the stolen assets, CoinDesk reported.

Binance also said a full post-incident report will be published once the investigation is finished.

Market Reaction: BNB, Bitcoin and Ethereum Prices

Markets were calm as the window approached, which suggests traders had largely priced in the restart. Prices from OKX at about 05:55 UTC on November 1:

• BNB: about $706, up 0.4% in 24 hours
• Bitcoin (BTC): about $77,860, up 0.8%
• Ether (ETH): about $2,268, up 1.2%
• Solana (SOL): about $95.60, down 0.3%
• TRON (TRX): about $0.311, down 5.7%, still under pressure after the hacker swapped stolen USDT into TRX

You can follow live prices for all major coins on Nodora Charts.

What to Watch Next for Binance and BNB

The first big test is simple: do withdrawals actually clear smoothly during and after the three-hour window? A wave of users moving funds off the exchange is possible, so on-chain trackers will be watching Binance's wallet outflows closely over the next few days.

Other things to keep an eye on:

• Phase two timing. Binance has not given a date for the remaining networks and lower-liquidity tokens.
• The last 5%. How fast Binance can buy the remaining tokens without pushing their prices up.
• Proof of reserves. CoinDesk reported that cryptographic proof of the updated reserves is due on November 3.
• The stolen funds. The FBI expects further laundering, much of it through Ether, so large moves from hacker-linked wallets could still hit prices.

For now, the restart is the clearest sign yet that the exchange is moving from crisis mode to recovery. This article is for information only and is not financial advice.

#Binance #BNB #Hack #Withdrawals #Exchanges

This article is general information, not financial advice.