Binance Reopens Withdrawals on 15 Networks, Says 95% of Hacked Assets Restored

Author: Crypffalo Research · 13:55 01/11/2026

Binance began reopening withdrawals on Nov 1 across 15 networks, starting with Bitcoin at 06:25 UTC, and says it has replenished about 95% of the $6.3 billion stolen.

Binance Reopens Withdrawals on 15 Networks, Says 95% of Hacked Assets Restored

Binance began reopening withdrawals on Sunday, Nov 1, for the first time since its roughly $6.3 billion hack. The Bitcoin network went first, opening at about 06:25 UTC.

Phase one covers 15 networks and ran in a 06:00–09:00 UTC window. The exchange also said it has now replenished about 95% of the stolen assets, up from the 90% it reported on Oct 31.

Key takeaways

What happened: Binance is restoring withdrawals in phases, starting with 15 networks led by Bitcoin.
Replenishment: About 95% of stolen assets have been restored, with 10 assets at 100% reserve coverage.
The gap: The remaining ~5% is mostly smaller, less liquid tokens that Binance is buying on the market and via OTC desks.
No firm timeline: Other networks are still under security review, with no set reopening date.
Market: Bitcoin is trading around $77,700–$78,000 in a narrow 24-hour range.

What reopened in phase one

Binance said the first batch covers 15 assets across 15 networks. Networks confirmed by multiple outlets include Bitcoin, Ethereum, BNB Smart Chain, Solana, Tron, XRP, Arbitrum and Base.

Co-founder Yi He said the order is based on market cap, locked funds and user base. Wallets for the remaining assets are still going through repeated security audits before they reopen.

Phase one window: 06:00–09:00 UTC on Nov 1 (13:00–16:00 GMT+7).
Deposits: Stayed open throughout the incident.
User note: Withdrawals may take longer than usual, and failed requests may need to be resubmitted.

Replenishment progress

On Oct 30, Binance said it had set aside about $6.34 billion of company funds to cover the losses. By Oct 31 it reported roughly 90% replenished, along with a proof-of-reserves snapshot.

The latest update puts that figure at about 95%. The 10 assets now at full reserve coverage are BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC.

Binance replenishment progress after the hack

Binance says it will absorb all losses and publish a detailed incident report later. According to Crypto Briefing, about $3 billion of the stolen funds has been frozen by partners, and an updated proof of reserves is expected on Nov 2.

Flows right after reopening

Within minutes of the Bitcoin network reopening, Whale Alert flagged two large transfers from Binance to unknown wallets. One moved 1,000 BTC (about $77.9 million) and the other 2,000 BTC (about $156 million).

There is no data yet showing whether these were user withdrawals or internal wallet moves. No outlet has reported a withdrawal backlog so far.

What it means for crypto markets

The market's reaction has been muted. Bitcoin is hovering around $77,700–$78,000 with a 24-hour range of only about 0.85%, while the Fear & Greed Index sits at 34, in fear territory.

Bull case: Smooth withdrawals, on-time reopening of remaining networks and a transparent reserves report could ease pressure on BNB and broader sentiment.
Risk case: Sustained heavy outflows or new security findings could drive large BTC and stablecoin moves off the exchange and spark short-term volatility.

The hack is also fueling calls in Washington for oversight of offshore exchanges, so regulatory headlines remain a factor to watch.

What to watch next

The reopening schedule for remaining networks and assets.
The proof-of-reserves update, expected Nov 2 per Crypto Briefing.
On-chain data on outflows from Binance over the coming days.
The detailed incident report Binance has promised.
Large moves on our real-time liquidations page and the economic calendar.

Frequently Asked Questions

Can I withdraw from Binance now?

If your assets sit on one of the 15 phase-one networks, such as Bitcoin, Ethereum, BNB Smart Chain or Solana, withdrawals are open. Other networks will follow after Binance's security checks.

Are user funds lost?

Binance says it will cover all losses and has replenished about 95% so far. The rest is mostly smaller tokens it is still buying back.

Should the large BTC transfers after reopening worry users?

There is no confirmation that they reflect a rush of user withdrawals. More on-chain data over the coming days is needed to judge.

*This content is for information only and is not financial advice.*

Tags: Binance, Hack, Bitcoin, Security

Crypffalo: Crypto news & data