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SecurityQuiet 10d · day 10

Binance Begins Phased Withdrawal Resumption After Security Breach

After suspending all withdrawals following a security incident, Binance says it has covered 95% of stolen funds and starts restoring access in phases.

newest coverage 10d agosummary written 10d ago3 pieces NewswiresXGoogle News

What to know

  • Binance froze all withdrawals after a security incident resulted in stolen funds, while deposits remained open throughout.
  • The exchange says it will absorb the financial loss itself and has progressively covered 80%, then 90%, now approximately 95% of the impacted amount via market and OTC purchases.
  • Withdrawals are resuming in phases starting 2026-11-01, 06:00-09:00 UTC, beginning with BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC.
  • The remaining roughly 5% of losses involves less liquid tokens outside the top ten assets, which Binance says take longer to source at scale.

Binance Cryptocurrency exchangeBinance users Affected customers

Binance Begins Phased Withdrawal Resumption After Security Breach
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How it unfolded 1 development · click the chart to see its coverage articlesposts

Peak 2 pieces in 3h at Nov 1, 12 AM; 3 pieces over 10 days (2 articles · 1 post) Oct 31, 9 PM — 1 piece · 1 article — Google News 1Nov 1, 12 AM — 2 pieces · 1 article · 1 post — Newswires 1, X 1Nov 1, 2 AM — quietNov 1, 5 AM — quietNov 1, 8 AM — quietNov 1, 11 AM — quietNov 1, 2 PM — quietNov 1, 5 PM — quietNov 1, 8 PM — quietNov 1, 11 PM — quietNov 2, 2 AM — quietNov 2, 5 AM — quietNov 2, 8 AM — quietNov 2, 11 AM — quietNov 2, 2 PM — quietNov 2, 5 PM — quietNov 2, 8 PM — quietNov 2, 11 PM — quietNov 3, 2 AM — quietNov 3, 5 AM — quietNov 3, 8 AM — quietNov 3, 11 AM — quietNov 3, 2 PM — quietNov 3, 5 PM — quietNov 3, 8 PM — quietNov 3, 11 PM — quietNov 4, 2 AM — quietNov 4, 5 AM — quietNov 4, 8 AM — quietNov 4, 11 AM — quietNov 4, 2 PM — quietNov 4, 5 PM — quietNov 4, 8 PM — quietNov 4, 11 PM — quietNov 5, 2 AM — quietNov 5, 5 AM — quietNov 5, 8 AM — quietNov 5, 11 AM — quietNov 5, 2 PM — quietNov 5, 5 PM — quietNov 5, 8 PM — quietNov 5, 11 PM — quietNov 6, 2 AM — quietNov 6, 5 AM — quietNov 6, 8 AM — quietNov 6, 11 AM — quietNov 6, 2 PM — quietNov 6, 5 PM — quietNov 6, 8 PM — quietNov 6, 11 PM — quietNov 7, 2 AM — quietNov 7, 5 AM — quietNov 7, 8 AM — quietNov 7, 11 AM — quietNov 7, 2 PM — quietNov 7, 5 PM — quietNov 7, 8 PM — quietNov 7, 11 PM — quietNov 8, 2 AM — quietNov 8, 5 AM — quietNov 8, 8 AM — quietNov 8, 11 AM — quietNov 8, 2 PM — quietNov 8, 5 PM — quietNov 8, 8 PM — quietNov 8, 11 PM — quietNov 9, 2 AM — quietNov 9, 5 AM — quietNov 9, 8 AM — quietNov 9, 11 AM — quietNov 9, 2 PM — quietNov 9, 5 PM — quietNov 9, 8 PM — quietNov 9, 11 PM — quietYesterday, 2 AM — quietYesterday, 5 AM — quietYesterday, 8 AM — quietYesterday, 11 AM — quietYesterday, 2 PM — quietYesterday, 5 PM — quietYesterday, 8 PM — quietYesterday, 11 PM — quietToday, 2 AM — quiet 1
Nov 1Nov 2Nov 3Nov 4Nov 5Nov 6Nov 7Nov 8Nov 9now · 5:48 AM ET
  1. background

    Binance resumes phase one of withdrawals for top assets — Binance began restoring withdrawals in a phased rollout between 06:00 and 09:00 UTC on 2026-11-01, prioritizing networks and assets based on recent user demand, with additional assets to be added as they pass security checks.

  2. 1

    Binance says 95% of stolen funds are now covered

    In Recovery Update #4, Binance said it had covered approximately 95% of the impacted amount, up from 90% previously, with all BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC balances fully backed; the remaining 5% involves less liquid tokens that take longer to source.

    “Binance has now covered approximately 95% of the impacted amount, up from 90% in our prior update.”
    — Binance
  3. background

    Binance raises recovered-funds coverage to about 90% — A subsequent update reported Binance had increased coverage of the impacted amount to approximately 90%, with top-ten assets fully backed.

  4. background

    Binance says it has covered about 80% of stolen funds — In an earlier recovery update, Binance reported it had covered approximately 80% of the amount lost in the incident through market and OTC purchases.

  5. background

    Binance suffers security incident, suspends all withdrawals — Binance detected a security incident resulting in stolen funds and suspended withdrawals platform-wide as a precaution while it contained the incident, assessed impact, and ran security checks; deposits remained open throughout.

Also covered reported alongside — the timeline has no entry for these yet

  1. 2 outlets Security Incident | Recovery Update #4: Withdrawals Resume in Phases (2026-11-01)

    first by Binance Support, 10d ago · also Binance