Binance Withdrawal Resumption: What Users Need to Know
Binance withdrawal resumption began on Sunday, November 1, 2026, and users pulled $4.6 billion out of the exchange between 6 a.m. and 3:30 p.m. UTC. That rush came only days after hackers drained $6.3 billion from its wallets, the largest crypto theft on record.
So is everything back to normal? Not yet. Binance is restoring withdrawals in phases and says it has replaced or bought back about 95% of the stolen crypto with its own money, not customer funds. This guide explains what is open, how the attack happened, who is blamed, who is absorbing the loss, and what to check before moving funds. All figures are as of November 2, 2026, and they may change as Binance publishes updates.
Which Withdrawals Are Open Right Now?
Binance said the first phase would run between 06:00 and 09:00 GMT on Sunday, and it opened the Bitcoin network first. It did not switch everything on at once. On the morning of the restart, its network status page showed a mix of normal, partially suspended, and fully suspended listings. Ethereum deposits were normal, for example, while Ethereum withdrawals were only partly available.
Binance also warned of delays from heavy traffic. It asks users whose withdrawals fail to retry after a short wait and to check the withdrawal page or network status page for their asset and network.
The first day’s numbers give a sense of the demand. Binance processed $4.6 billion in withdrawals against $1.0 billion in deposits, a net outflow of $3.6 billion, or 2.1% of its assets under management. These are Binance’s own figures, not independently audited ones.
How the Binance Cyberattack Unfolded
Binance suspended all withdrawals on Thursday, October 29, after a suspected cyber heist. News of the attack pushed most major cryptocurrencies sharply lower the next day.
The exchange first pointed to one weak spot. Investigators initially focused on a compromised DevOps engineer’s laptop, which gave the attacker access to an internal service container used to submit unauthorized withdrawals. That explanation did not hold for long. Binance said its later investigation uncovered additional points of breach beyond the laptop.
The attacker also tried to cover their tracks. Binance executive Richard Teng said the attacker used a self-destruct mechanism to destroy tooling and traces. That kind of cleanup makes it harder to reconstruct exactly what happened and how far the access went.
Why Did the Freeze Last Until Sunday?
Binance needed more than a patch. It said the freeze was a precaution while teams contained the loss, assessed the impact, restored affected services, and completed security checks. Teng said withdrawals would reopen only after the exchange verified its security controls, and the company was rebuilding affected infrastructure and reviewing its transaction approval systems.
Binance said on Friday that it aimed to begin restoring withdrawals within roughly 34 hours, but it made that timeline conditional on security checks and testing. That is why the Binance withdrawal resumption came in stages, with each network opening only once it had passed testing.
Who Was Behind the Binance Security Breach?
Binance blamed North Korean hackers before the FBI weighed in. On Saturday, the FBI said a North Korean group known as TraderTraitor was responsible, and that the group was converting the assets primarily into Ethereum, with further laundering likely.
That detail matters for anyone hoping the stolen coins will come back. Binance has not said it recovered the stolen assets itself. The 95% figure describes assets the exchange replaced or bought back, which is a different thing. Whether investigators can trace or freeze what is still moving through the laundering chain remains an open question.
Binance Stolen Funds Recovery: Who Pays for the Loss?
Binance says its own resources are covering the gap. The company stated that it will bear the financial impact of the stolen funds and that the losses will not be passed on to users.
The remaining shortfall is slower to close. Binance said the remaining affected assets are less liquid in the market and take longer to source at the required scale. The Binance stolen funds recovery effort is therefore unfinished. Earlier coverage before the restart put the replenished share at 90%, so the percentage has been moving. Binance has also promised a post-incident report once its investigation is complete.
How Does This Compare With Binance’s 2019 Hack?
Binance has been through a withdrawal freeze before. In May 2019, hackers stole 7,000 Bitcoin, about $41 million, using API keys and two-factor authentication. Binance reopened deposits and withdrawals about a week later, after upgrading its security.
The 2026 Binance security breach is roughly 150 times larger by dollar value. Even so, the restart began about three days after the pause, though only in phases. The two events also differ in cause: the 2019 theft came through user-level credentials, while the current investigation points to a compromised engineer’s device and several further entry points.
What Should Users Do During the Binance Withdrawal Resumption?
This is general information, not financial advice. A few practical points follow from what Binance has published:
- Check the network status page for your exact coin and chain, since the same asset can be live on one network and suspended on another.
- Expect slower processing during busy periods, and retry later if a transfer fails.
- Rely on Binance’s official channels for updates. The full post-incident report is still to come and may change what is known about the Binance cyberattack.
Conclusion
Binance itself calls this a milestone and says its work continues, and the open items back that up. About 5% of the affected assets still need replacing. The FBI says laundering of the stolen funds is likely continuing. The full account of how the attacker moved through Binance’s systems has not been released. Until the post-incident report arrives, the Binance withdrawal resumption is best read as a careful, staged reopening rather than a closed case. Users can move funds where their asset and network are live, but checking status first remains the sensible habit.
