Binance Resumes Bitcoin (BTC) Withdrawals Across 15 Networks on Nov. 1

Withdrawals Resume on 15 Networks

Binance switched Bitcoin (BTC) withdrawals back on Sunday, Nov. 1, ending a suspension imposed after a security breach drained roughly $6.3 billion in cryptocurrency from the exchange's hot wallets. In an announcement posted on X, the exchange said withdrawal services would resume progressively between 06:00 and 09:00 UTC, with security and infrastructure readiness checks running alongside each stage of the rollout. For traders tracking the Bitcoin (BTC) price, the restart restores direct on-exchange access to the largest assets after several days in which deposits were accepted but outbound transfers were not. The notice singled out Bitcoin, Ethereum (ETH), XRP and Solana (SOL) among the majors returning in the opening wave. The first wave spans 15 blockchain networks, and the exchange described the set as the first phase of the resumption, with further waves to follow once outstanding checks are complete. It covers Bitcoin (BTC), Ethereum, the XRP Ledger, BNB Smart Chain, Solana, Tron and Dogecoin, together with altcoin assets such as Zcash (ZEC), Avalanche (AVAX), Sui, Polygon (POL) and Arbitrum (ARB). Stablecoins are in scope from the same window: Tether (USDT) and USD Coin (USDC) withdrawals go live on multiple networks. Binance said the selection followed user withdrawal demand recorded over the past week, and cautioned that not every listed coin and network would switch on at the same moment. Deposit services never stopped during the freeze, so the restoration concerns the outbound leg of user flows rather than the reopening of the platform itself.

@ArisuIDO · X post

Announcement posted on X.

View on X

95% of Stolen Assets Recovered

The restart closes out the exchange's response to a breach in which attackers pulled about $6.3 billion in digital assets out of hot wallets, the internet-connected wallets an exchange keeps funded so customer withdrawals can be paid instantly. Outbound transfers were frozen to contain the damage, run the internal investigation and prevent further losses, while deposits stayed live throughout. Recovery has moved quickly since: Binance now reports that roughly 95% of the affected assets have been recovered, up from 90% at the company's previous update on the effort. The five-point jump between updates is the clearest measure of how fast repurchases have progressed. Balances of the highest-volume assets are described as fully backed, meaning user holdings are covered in full, and the list spans Bitcoin (BTC), Ethereum, XRP, Solana, BNB, USDT, USDC, Zcash, USD1 and Ripple USD (RLUSD). The residual 5% consists of less liquid coins that are difficult to buy in large amounts without moving their prices, which is why networks are being enabled in stages instead of all at once. Bitcoin holders now have what they lacked during the freeze: a documented, fully backed balance and a live withdrawal window to move coins wherever they choose.

Custody Risk Back on the Table

The pace matters, but so does what it leaves open: the un-recovered 5% sits in thin markets where bulk buying would move prices, and no completion date has been offered, so part of user balances stays in limbo. The breach also revives the self-custody argument at the core of Bitcoin maximalism. An ETF wraps Bitcoin in a fund's custodial structure, exchange balances sit on the venue itself, and users choosing between the two now hold a fresh $6.3 billion data point. Coins kept in self-custody were untouched by the freeze, which is the standing case for those who HODL off-exchange. Whether whale flows rotate back to centralized venues is something on-chain data will show in the days ahead. For users returning to the venue, the walkthrough How to Buy Bitcoin on Binance reflects the current setup. Context elsewhere: Bitcoin miner holdings rose 1,797 BTC in the biggest weekly build in six weeks, and J.P. Morgan forecast 10% annual returns for Bitcoin across 10 to 15 years. The next dated step is the completion of readiness checks as the remaining networks switch on through Sunday.