Binance has started restoring user withdrawals after suspending the service in response to a hack involving about $6.3 billion in funds. The exchange said the Bitcoin network was the first network reopened under a phased process, while the FBI has blamed North Korean operatives for the attack, according to Cointelegraph.
Bitcoin network leads withdrawal restart
Binance announced on X that the first withdrawal network available in phase one was Bitcoin, identified by the exchange as the BTC network. The move marks the beginning of a gradual effort to return withdrawal access after services were halted following Thursday’s attack.
The reopening does not mean that all assets and networks are available. Binance said users should check the withdrawal page for the specific asset and network they want to use. The exchange also directed customers to its network status page to verify whether a particular route is active.
Why Binance is using phases
The company said it is prioritizing tokens according to user-demand data from the previous week. Each network and asset combination will be restored only after stability and security checks have been completed, Binance said.
A phased restart allows the exchange to bring services back progressively rather than reopen every withdrawal route at once. Binance warned that the process could produce congestion, longer processing times and temporary delays. If a withdrawal fails, users were told to wait briefly and try again.
Binance had said in an earlier Sunday announcement that additional withdrawal services would become available progressively. It said further updates would be posted through its official X channel.
The attack has been attributed by the FBI to North Korean operatives, as reported in the source material. The reported scale—about $6.3 billion—makes the incident significant for users and the wider crypto market, while the withdrawal suspension has made the exchange’s security checks and restoration timetable central to customers seeking access to their funds.
Asset replenishment and Moneyiar market data
Cointelegraph previously reported that Binance had replenished 90% of the assets stolen in the hack, compared with 80% a day earlier, and remained on track to resume withdrawals on Sunday. The exchange’s latest announcement concerns the first stage of restoring withdrawal functionality, rather than a statement that every asset has been replenished or every network is open.
Moneyiar market data at the stated times show:
- BNB: $711.8666370846, up 1.08% over 24 hours and down 3.64% over seven days, as of 2026-11-01 12:33 +03:30.
- Ethereum Name Service (ENS): $4.8955359238, down 1.14% over 24 hours and 6.79% over seven days, as of 2026-11-01 12:34 +03:30.
- Walrus (WAL): $0.0296124092, down 1.4% over 24 hours and 10.35% over seven days, as of 2026-11-01 12:33 +03:30.
- OpenLedger (OPEN): $0.0976845525, up 2.83% over 24 hours and 3% over seven days, as of 2026-10-24 15:23 +03:30.
These market figures are supplied by Moneyiar and describe the listed assets at their respective timestamps; they do not indicate the status of withdrawals on Binance.
