Binance aims to fully restore withdrawals within the next week
Binance plans to restore withdrawals on all remaining networks and assets by the end of next week, following a $6.3 billion hack, Reuters reports.
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what happened
Binance said in an X post that it hopes to resume withdrawals across every remaining network and asset before next week ends, Reuters reported. The exchange already reopened withdrawals on 87 networks this week as it works back toward normal operations after the record theft.
Withdrawals were restored in stages earlier this month, after Binance covered 95% of the $6.3 billion in tokens taken from its platform on October 29. The FBI and Binance attribute the breach to North Korea, which denies involvement, while blockchain investigators link it to a group called TraderTraitor. Finance chief Kaiser Ng left about a week after the heist and was succeeded by Justin Yek, formerly vice-president of finance at Airwallex.
why it matters
For markets, the timing matters because it shows how quickly the world's largest exchange can restore access after a major attack. Full reopening would ease concerns about customer funds, but the episode also underlines the security risks facing digital asset platforms.
market impact
Crypto: full withdrawal restoration eases uncertainty around the largest exchange, a sign of normalising flows
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on polymarket
sources
- Binance targets full reopening of withdrawals by next week — Reuters, 14 November 2026 at 08:37 UTC
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