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.

Also reported by TheCoinrise.

Source: The Currency Analytics