Binance Resumes Withdrawals as Asset Recovery Reaches 95%

Binance scheduled its first withdrawal restoration phase for November 1 between 06:00 and 09:00 UTC following security checks. The exchange recovered approximately 95% of affected funds, up from 90%, and is sourcing the remaining 5% through market purchases. Binance confirmed full backing for ten major cryptocurrencies and pledged to absorb remaining losses without passing costs to customers. Binance plans to restart withdrawals on November 1 after suspending the service during a security incident. The exchange will begin its first phase between 06:00 and 09:00 UTC, restoring access gradually after security checks.

Source: Crypto Front News