Sunday, 1 November 2026

Binance reopens some withdrawals, says 95% of stolen funds replaced

Binance let users withdraw Bitcoin and other coins again on 1 November, and says it has now covered about 95% of the assets lost in the hack.

Key points

  • Binance restarted phase one of withdrawals on 1 November.
  • It says about 95% of stolen assets are now replaced, up from 90%.
  • No date has been given for phase two.

If you have coins stuck on Binance, the first of them can move again. The exchange began phase one of its withdrawal restart on 1 November, between 06:00 and 09:00 UTC (11:00 to 14:00 Pakistan time), and says it has now replaced about 95% of the assets lost in last week’s hack.

The figure was 90% a day earlier. Binance says the missing 5% is made up of less liquid tokens that sit outside its ten biggest assets and take longer to buy in size. Balances in those ten (BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC) are described as fully backed, and Binance points users to its Proof of Reserves page to check.

Which coins come first

A crypto.news report lists 15 networks in the first batch, including Bitcoin, Ethereum, BNB Smart Chain, Tron, Solana, XRP Ledger, Dogecoin and Polygon. Each asset-and-network pair still has to clear security and stability checks, so a coin being on the list does not mean its route opened at the same moment. Binance warns of delays when traffic is high and asks users to retry a failed transfer after a short wait.

Deposits were never switched off. Binance has not given a date for phase two; co-founder Yi He said other wallets are still going through repeated security audits, and later coins will be ordered by market value, funds held and how many customers use them.

The exchange also says it will publish a full post-incident report once its investigation ends. We covered the original freeze and the 90% update earlier. Binance expects a full zero-knowledge proof of its reserves by Tuesday, 3 November.

TPRO Team

The Tech Prolonged newsroom desk. Stories under this byline cover AI, the web and general tech, and are reviewed by our editors before publishing.