Binance Targets Full Reopening of Withdrawals by Next Week After Restoring 87 Networks
Binance, the world’s largest cryptocurrency exchange, said on Saturday that it aims to reopen withdrawals for all remaining networks and assets by the end of next week, as operations return to normal after the theft of about $6.3 billion from the platform last month.
“This week, we reopened withdrawals for 87 networks. We will aim to reopen withdrawals for all remaining networks and assets by the end of next week,” the company said in a post on X, according to Reuters.
The update marks the latest milestone in a phased recovery that began on November 1, two days after Binance suspended withdrawals in response to what experts describe as the largest cryptocurrency theft ever.
What Binance restored this week
In a recovery update dated November 14, Binance said it had restored cryptocurrency withdrawals across 87 blockchain networks during the previous week. The reopened networks include Cardano, Litecoin, Avalanche, Cosmos, Polkadot Asset Hub, Filecoin, Near Protocol, Aptos, Starknet, Linea and Scroll.
The company has set Sunday, November 22, as its target for restoring withdrawals across all remaining networks and assets. That is a stated target rather than a guarantee: Binance has not published a detailed timetable for individual networks where withdrawals remain unavailable, and it has warned that higher system loads during the recovery may cause temporary delays and longer processing times.
Binance also cautioned that restoring withdrawals on a network does not mean every cryptocurrency on that network is already available. Availability is being restored asset by asset, after security and readiness checks, and users need to check the withdrawal page for the exact asset and network before sending a transfer.
How the recovery has unfolded
The breach hit Binance’s hot wallets on October 29, when about $6.3 billion in cryptocurrency was stolen. The FBI has since formally attributed the theft to North Korea’s TraderTraitor actors, and the US Justice Department’s seizure of $1.2 billion in cryptocurrency stolen from Binance is part of a wider crackdown on the laundering of the stolen funds.
Binance resumed withdrawals in phases earlier this month, after saying it had covered about 95% of the stolen tokens using company resources. The first phase, which began on November 1, covered major assets across 15 networks, including Bitcoin, Ethereum, BNB Smart Chain, Tron, Solana, XRP Ledger, Zcash, Dogecoin, TON, Polygon, Avalanche, Arbitrum, Base, Optimism and Sui. The exchange reported about $3.64 billion in net outflows in the first nine and a half hours after withdrawals resumed, equal to roughly 2.1% of its reported $171 billion in assets under management before the attack.
A second round on November 3 extended withdrawals to dozens more tokens across nine networks. Binance later reopened withdrawals for Hyperliquid’s HYPE token and Aptos’s APT token on November 8, ahead of its stated schedule, and said about 98% of affected assets had been replenished by November 4.
The recovery has come at a cost to the exchange’s reserves. Data from CryptoQuant showed Binance’s bitcoin holdings fell by about 56,000 BTC since the October 29 hack, from roughly 730,000 BTC before the attack to about 673,700 BTC, reflecting both the theft and customer withdrawals. Bitcoin trading below $70,000 in recent days has added to the pressure on the wider crypto market, with investors watching ETF outflows and expectations around US interest rates.
Why this matters
For millions of Binance users, the reopening timetable is the clearest signal yet that the exchange expects to return to full service within days rather than weeks. The phased approach has let Binance test security fixes network by network while limiting the risk of a repeat incident, but it has also left some customers unable to move specific assets for more than two weeks.
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The episode has also become a test case for how the crypto industry handles a theft of this scale. Binance’s decision to cover the losses from its own resources, rather than socializing them across customers, has been closely watched by regulators and rival exchanges. At the same time, the FBI’s attribution to North Korean actors and the Justice Department’s seizure of $1.2 billion have underlined how state-linked hacking has become a central threat to the industry.
Whether Binance meets its November 22 target will shape confidence in the exchange heading into the end of the year. A full reopening on schedule would close the most disruptive chapter of the incident; further delays, or a new security problem, would revive questions about the platform’s resilience.
Latest developments
- Binance said on Saturday, November 14, that withdrawals have reopened on 87 networks this week and that it aims to restore all remaining networks and assets by the end of next week.
- The exchange warned that some transactions may still be delayed while systems run at higher loads during the recovery.
- The FBI has attributed the October 29 theft to North Korea’s TraderTraitor actors; US authorities have seized $1.2 billion in cryptocurrency connected to the hack.
- Binance says about 98% of the affected assets have been replenished, and it has warned users to confirm availability for their exact asset and network before transferring funds.
Frequently asked questions
When will Binance fully reopen withdrawals?
Binance said on November 14 that it aims to reopen withdrawals for all remaining networks and assets by the end of next week, which falls on Sunday, November 22, 2026. The company has not given a detailed timetable for individual networks, so the date is a target rather than a confirmed deadline.
Which networks have reopened so far?
This week Binance restored withdrawals across 87 networks, including Cardano, Litecoin, Avalanche, Cosmos, Polkadot Asset Hub, Filecoin, Near Protocol, Aptos, Starknet, Linea and Scroll. Major assets on Bitcoin, Ethereum, BNB Smart Chain, Solana and other networks were restored in earlier phases starting November 1.
How much was stolen in the Binance hack?
About $6.3 billion in cryptocurrency was stolen from Binance’s hot wallets on October 29, 2026, in what experts describe as the largest cryptocurrency theft ever. Binance says it has covered about 95% of the stolen tokens from company resources, and about 98% of affected assets had been replenished by November 4.
Who was behind the Binance hack?
The FBI has formally attributed the theft to North Korea’s TraderTraitor actors. The US Justice Department has also seized $1.2 billion in cryptocurrency connected to the hack as part of a crackdown on the laundering of the stolen funds.
Binance’s next recovery update will show whether the exchange can meet its November 22 target and close out the withdrawal freeze that has defined the aftermath of the October 29 hack. Until then, users should check the live status of their exact asset and network before attempting a withdrawal.
Sources: Reuters; Binance; CoinCentral; CryptoCompass.
