Binance resumes withdrawals after $6.3 billion hack signals 95% recovery
3 billion hack, stating it has replaced 95% of the stolen assets, up from 90% on Saturday. The exchange plans to restore its Secure Asset Fund for Users (SAFU) to about $1 billion.
Binance resumed Bitcoin withdrawals on November 1, 2026, after a $6.3 billion hack, stating it has replaced 95% of the stolen assets, up from 90% on Saturday. The exchange plans to restore its Secure Asset Fund for Users (SAFU) to about $1 billion.
Key numbers
| Stat | Figure | Date | Source |
|---|---|---|---|
| $6.3 billion | $6.3 billion | October 29, 2026 | CoinCentral |
| 95% of stolen assets replaced | 95% | November 1, 2026 | CoinCentral |
| $3 billion | $3 billion | October 30, 2026 | CoinCentral |
What happened
Binance resumed withdrawals for Bitcoin and other cryptocurrencies on November 1, 2026, after pausing services following a $6.3 billion hack on October 29, 2026. The exchange confirmed the attack involved more than a compromised laptop, uncovering additional breach points during its investigation.
The hack, linked to the North Korea-affiliated group TraderTraitor, drained funds across 10 blockchains within 20 minutes. Binance froze about $3 billion in stolen assets with partners like Tether and Circle, while the remaining stolen funds—including 420,000 ETH and 18,270 BTC—remain unfrozen.
Who is affected
Binance customers holding Bitcoin, Ethereum, USDT, BNB, Solana, USDC, XRP, USD1, RLUSD, and Zcash are now fully backed, though withdrawals resumed in phases across 15 blockchain networks. Binance.US, the U.S.-based subsidiary, was not affected by the hack.
Timeline of Binance resumes customer withdrawals
- October 29, 2026: $6.3 billion stolen from Binance hot wallets; withdrawals paused.
- October 30, 2026: Binance confirms breach involved more than a compromised laptop; 80% of stolen assets replaced.
- October 31, 2026: New proof-of-reserves snapshot published; 90% of stolen assets replaced.
- November 1, 2026: Bitcoin withdrawals resume; 95% of stolen assets replaced.
- November 3, 2026 (expected): Full cryptographic proof of reserves released.
What to do next
Customers should check Binance’s official withdrawal page before sending transactions, as each network and asset requires security checks. Deposits remain open, and updates will continue through official channels. Binance advises users to avoid third-party services and verify withdrawals directly on the platform.
What we know and don’t know
Binance has confirmed the hack was linked to TraderTraitor, a North Korea-affiliated group, based on FBI and blockchain analysis reports.
Why it matters
The $6.3 billion hack is the largest crypto theft on record, raising concerns about centralized exchange security. Binance’s decision to absorb losses rather than pass them to users signals a shift in liability, though the incident has intensified scrutiny over hot wallet vulnerabilities and North Korea’s role in cybercrime.
- Binance resumed withdrawals for Bitcoin and 14 other cryptocurrencies on November 1, 2026, after a $6.3 billion hack.
- The exchange has replaced 95% of stolen assets, using company funds, SAFU reserves, and futures insurance money.
- Withdrawals are restarting in phases across 15 blockchain networks, with security checks required for each asset.
- Binance plans to restore its SAFU to about $1 billion and expects to release a full proof of reserves by November 3, 2026.
- Customers should verify withdrawals on Binance’s official platform and avoid third-party services.
Frequently asked questions
How much was stolen in the Binance hack?
The hack resulted in approximately $6.3 billion in stolen cryptocurrency, according to Binance and multiple blockchain analysis firms.
Who is responsible for the Binance hack?
The FBI and blockchain analysts have linked the attack to TraderTraitor, a North Korea-affiliated hacking group. Binance has not publicly named a culprit.
Will Binance cover all losses?
Yes, Binance has stated it will absorb the financial impact of the hack, using its corporate treasury, SAFU reserves, and futures insurance funds.
When will withdrawals resume for all cryptocurrencies?
Binance is resuming withdrawals in phases, starting with Bitcoin on November 1, 2026. No specific date has been given for the full resumption of all assets.
How can I verify my Binance withdrawals?
Check Binance’s official withdrawal page before sending transactions, as each network and asset requires security checks. Avoid third-party services.
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Sources
- Binance Recovers 90% of $6.3B Hack Losses – Withdrawals Set to Resume — bitcoinist.com, 2026-10-31
- Binance says its $6.3bn hack involved more than a compromised laptop — thenextweb.com, 2026-10-30