Binance has begun restoring customer cryptocurrency withdrawals after a record $6.3 billion exploit, with bitcoin leading the first phase, according to CoinDesk.
Bitcoin Leads the First Phase
The reopening is being carried out in stages rather than all at once. Bitcoin withdrawals are included in the initial phase, allowing customers to begin moving the cryptocurrency from their Binance accounts.
The source material does not specify when withdrawals for other assets will resume or provide further operational details about the rollout. It also does not identify the attackers or explain how the exploit occurred.
Why the Reopening Matters
A cryptocurrency withdrawal allows an exchange customer to transfer assets away from the platform to another wallet or service. Restoring this function is a key step after an incident that interrupts customer access, although the phased approach means availability may differ by asset during the reopening process.
The event follows what the source describes as a record $6.3 billion exploit involving Binance. The size of the reported loss makes the resumption of withdrawals a significant development for the exchange’s customers and for the wider crypto market.
Moneyiar Market Picture
Moneyiar data at 12:29 p.m. +03:30 on Nov. 1, 2026, showed bitcoin at $77,713.55, up 0.36% over 24 hours but down 3.14% over seven days. Binance’s BNB token was $712.04, up 1.09% in 24 hours and down 3.74% over the week.
Plasma’s XPL traded at $0.0728, down 10.04% in 24 hours and up 1.29% over seven days. Ethereum Name Service’s ENS stood at $4.8933, down 1.08% on the day and 6.98% over seven days.
