Binance recovers 98% of hack losses, restores withdrawals on 62 tokens

Binance announced substantial progress in its recovery efforts following the high-profile October 29 breach that targeted its hot wallet infrastructure. The global cryptocurrency exchange stated that it has replenished approximately 98% of affected users’ asset value after the incident, which saw a significant amount of digital assets compromised. On November 5, Binance published its eighth update since the breach, confirming that users can now access nearly all their previously frozen funds. As part of the recovery plan, Binance has resumed withdrawals for 69 network-asset pairs, encompassing 62 different tokens across six major blockchains.