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Binance plans to restore withdrawals across all remaining networks and assets by the end of next week, following the USD 6.3 billion cryptocurrency hack on October 29. The exchange announced the timeline on November 14 after reopening withdrawals on 87 networks during the past week.
In its November 14 announcement, Binance confirmed that withdrawals had resumed across networks including Cardano, Avalanche, Litecoin, Stellar, Near and Cosmos. The list also included Aptos and Hyperliquid, which had regained withdrawal access in a previous recovery update.
“We will aim to reopen withdrawals for all remaining networks and assets by the end of next week,” Binance stated. However, the exchange did not provide separate reopening dates for networks that remain unavailable.
Meanwhile, Binance advised customers to check the withdrawal page or network status page before transferring assets. The company warned that users could experience temporary delays as services resume.
The exchange began restoring withdrawals in phases in early November after suspending them following the October 29 security breach. Each stage involved security checks before Binance reopened access to additional assets and networks.
The October 29 attack resulted in the theft of approximately USD 6.34 billion in digital assets. Binance's investigation found that hackers accessed an internal wallet-signing service and used it to transfer cryptocurrencies from company hot wallets.
The exchange traced the operation to a series of security breaches beginning in June. These included malicious software installations and fraudulent recruitment interviews that compromised employees' computers. The attackers later used the access to carry out unauthorized transactions.
In its November 12 update, Binance confirmed that it had completed coverage of the affected assets. The company used its corporate treasury, Secure Asset Fund for Users (SAFU) and part of its futures insurance fund to cover the losses.
Binance also committed to restoring SAFU to approximately USD 1 billion. Additionally, the exchange published a new Proof of Reserves snapshot covering 198 tokens. The company said customers would be able to verify asset backing once the corresponding cryptographic proof became available.
The announcement followed previous efforts to replace stolen assets using company reserves and market purchases.
The US Department of Justice announced on November 12 that authorities and private-sector partners had frozen more than USD 2.7 billion linked to the Binance attack.
Of that amount, the department obtained court authorization to seize or restrain more than USD 1.2 billion. Investigators continue tracking stolen cryptocurrency moving through exchanges, blockchain bridges and mixing services.
The FBI attributed the attack to TraderTraitor, a North Korean military-linked hacking group. Binance also cited the FBI's findings, although North Korea has denied responsibility.
Separately, Binance reported rebuilding affected systems and strengthening its security controls. The exchange has also engaged independent security firms to review the incident.
Binance has not confirmed individual restoration dates for the remaining suspended networks. Its November 14 announcement directed customers to official withdrawal status updates as the reopening continues.
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