Catenaa, Tuesday, November 03, 2026-(Wrapup) Binance is moving ahead with a second phase of cryptocurrency withdrawals on Tuesday, expanding access across nine blockchain networks as it works to restore operations following last week’s $6.3 billion cyberattack.
The rollout is occurring in phases rather than all at once, with withdrawals returning in stages. The initial phase covers key networks—including Bitcoin, Ethereum, BNB Smart Chain, Solana, XRP, Polygon, Arbitrum, and Base—along with major tokens and stablecoins such as bitcoin, ether, tether, USD Coin, and BNB. Lower-liquidity tokens remain paused pending security audits.
Binance said user balances are covered 100% by company reserves and its Secure Asset Fund for Users to prevent market panic.
The exchange warned that processing delays and network congestion are expected during initial reopening waves because of high request volumes.
The exchange said the latest reopening would begin at 04:00 UTC, covering additional cryptocurrencies on BNB Smart Chain, Ethereum, Solana, XRP Ledger, Sui, Arbitrum, Optimism, Tron and Base.
The restoration follows Binance’s announcement Monday that it had replenished approximately 95% of the assets affected by the attack and completed a new, independently verifiable proof of reserves.
The latest withdrawal phase includes stablecoins, major cryptocurrencies and smaller digital tokens. However, Binance cautioned that not all listed assets would become available simultaneously.
The company said access would be restored progressively as technical and security checks are completed for individual networks and assets.
Among the additional withdrawal options are USD1 and other tokens on BNB Smart Chain, RLUSD on Ethereum and XRP Ledger, and USDC on Sui.
Several Solana-based tokens, including PUMP, JUP and BONK, are also scheduled for reopening.
The expansion follows the initial restoration of selected withdrawal services on November 1, when Binance began reopening access to major cryptocurrencies across several networks.
Deposit services have remained operational throughout the recovery period.
Binance warned that users could encounter processing delays as withdrawal activity increases. It advised customers to check individual network availability before initiating transactions.
The exchange has maintained that customers will not bear the financial losses associated with the attack.
On Monday, Binance announced that its latest proof-of-reserves verification had been completed, allowing users to independently confirm the backing of balances held in 10 major cryptocurrencies.
These include Bitcoin, Ether, Tether, BNB, Solana, USDC, XRP, USD1, RLUSD and Zcash.
The verification covers a reserve snapshot taken on October 31 and confirms, according to Binance, that the listed assets are backed by reserves of at least one-to-one.
The system uses zero-knowledge cryptography, allowing customers to verify that their balances are included in the exchange’s reported reserves without exposing individual holdings.
Unlike a conventional financial statement, the mechanism allows users to conduct cryptographic checks against the published snapshot.
However, proof of reserves does not establish the exchange’s complete financial position or guarantee that its security systems cannot be compromised again.
Binance plans another reserves snapshot on November 4, expanding verification to additional cryptocurrencies.
Co-CEO Yi He said generating the accompanying cryptographic proof would require approximately 40 to 50 hours after the snapshot because of the computing resources involved.
The company is also continuing to purchase less-liquid cryptocurrencies to replace the remaining 5% of affected assets.
These tokens are harder to acquire in large quantities without disturbing market prices, making the final stage of replenishment more difficult.
Earlier disclosures showed that Binance had allocated more than $6.34 billion toward covering losses, drawing on corporate funds, its Secure Asset Fund for Users and part of its futures insurance fund.
Separately, efforts to trace stolen assets are continuing with law enforcement agencies, cryptocurrency issuers and blockchain intelligence companies.
The FBI has attributed the attack to North Korea’s TraderTraitor hacking operation, saying the group stole more than $6 billion in digital assets.
Investigators have warned that stolen cryptocurrencies are being converted and moved through decentralized finance services and other platforms to obscure their origins.
North Korea has denied involvement.
Binance previously reported that approximately $3 billion of the stolen assets had been frozen on blockchain networks, although freezing funds does not necessarily mean they have been returned to the exchange.
Meanwhile, blockchain analytics platform DeFiLlama reported that Binance’s 24-hour net outflows had declined to approximately $3.29 billion from an earlier peak near $7 billion.
The tracker estimated the exchange held approximately $127.78 billion across its identified blockchain wallets.
The decline in withdrawals suggests that the initial surge in customers moving funds away from Binance had eased. However, it does not establish that confidence has fully recovered.
Binance has promised to publish a detailed investigation report explaining the breach and the safeguards introduced to prevent similar incidents.
The immediate test for the exchange remains whether it can restore normal withdrawals, complete asset replenishment and demonstrate that its systems are secure.
