Binance resumes withdrawals after covering most of the $6.3 billion hack losses

Community Trust Score Verified 97 % Real Verified 30 votes Updated 7 minutes ago Binance began restoring cryptocurrency withdrawals on November 1, 2026, three days after attackers drained $6.3 billion from the exchange’s hot wallets. The exchange stated it has covered approximately 95% of the stolen funds using its own reserves, with Bitcoin serving as the first network to reopen for transfers. The restoration of withdrawal capabilities is proceeding through a phased rollout, reopening transfers network by network rather than all at once. This approach allows the exchange to conduct security checks before each asset class goes live.