Binance reopens more withdrawals after $6.34 billion hack

Can Binance customers withdraw more tokens after the record hack? Binance said it began reopening withdrawals for additional assets on Nov. 5, with each network and token pair returning gradually after security checks, according to its latest withdrawal recovery update. The exchange had suspended withdrawals after hackers took about $6.34 billion in digital assets on Oct. 29; deposits remained open.

The phased reopening restores access incrementally while leaving the timing of some withdrawals dependent on Binance’s checks.

Which assets are being added to withdrawals?

Binance’s Nov. 5 update listed assets across six networks: Ethereum, BNB Smart Chain, Base, Tron, Polygon and Sui. The list includes tokens such as UNI, AAVE, PAXG and VIRTUAL on Ethereum, and ASTER, FIL and AVAX on BNB Smart Chain. Binance said the assets would not all become available at once, and that it was prioritising them based on user demand over the previous week.

The company scheduled the next reopening phase to begin at 04:00 UTC on Nov. 5, then said services would resume progressively as security and readiness checks were completed. It asked customers to check each asset’s withdrawal page or network status before trying to transfer funds. Binance also warned of possible delays during the rollout and said more assets would be added when ready.

What happened in the hack?

Reuters reported that hackers stole around $6.3 billion from Binance, in what could be the largest crypto heist on record. The exchange suspended withdrawals for more than two days after the attack and began restoring them on Nov. 1. Binance has said it will absorb the losses rather than pass them to customers.

The theft affected assets across multiple blockchains. Binance’s recovery update describes a staged response: freeze or intercept affected funds, restore withdrawal services, and add assets as checks are completed. The company has not said in its Nov. 5 update when every remaining token and network will be available for withdrawal.

How much have customers withdrawn since service resumed?

In a Nov. 2 report, Reuters estimated that customers had withdrawn a net $4.72 billion from Binance after withdrawals reopened. Binance said that amounted to about 3% of the assets on its platform and that it had also received $2.7 billion in customer inflows since Sunday. The exchange said withdrawal volumes were stabilising after an initial spike.

Those figures describe flows through Nov. 2, not the effect of the later reopening phases. Binance’s latest update gives no new total for customer withdrawals or for funds recovered from the attacker. It also says that access will continue to return in stages, so availability may still differ by token and network.

Sources

• latest withdrawal recovery update — binance.com