ABAB News Logo
Back to Flash News

Binance plans to resume phase one withdrawals in stages from 06:00 to 09:00 UTC on November 1

Binance released Security Incident Recovery Update #4 on November 1, 2026, saying it is preparing to resume phase one withdrawal services from 06:00 to 09:00 (UTC) that day. Withdrawals will be rolled out in stages, with networks and assets selected first based on user demand data from the past week, and opened after stability and security checks are completed; deposit services remain normally open and were not affected by this incident.

The networks and assets planned to be covered in the first phase include: BTC (BTC); ETH (ETH, USDT, USDC); BSC (BNB, USDT, USDC); TRX (TRX, USDT); SOL (SOL, USDT, USDC); XRP (XRP); ZEC (ZEC); DOGE (DOGE); TON (USDT, GRAM); MATIC/Polygon (POL, USDT, USDC); AVAXC (AVAX, USDT, USDC); ARBITRUM (ETH, USDT, USDC, ARB); BASE (ETH, USDC); OP/Optimism (ETH, USDT, USDC); SUI (SUI). Binance said it will provide synchronized updates through its official X channel, and users need to confirm the specific availability on the withdrawal page or network status page; the initial stage may face brief delays due to traffic.

Binance reiterated in the announcement that user funds are safe and said it will bear the financial impact of the stolen funds and not pass it on to users. The earlier withdrawal suspension was to control losses from the incident and complete security assessments and service recovery. Binance said it has covered about 95% of the affected amount (previous updates were about 90% and 80%), and the balances of BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC have already been fully supported at 100%, which can be verified on its proof-of-reserves page; the remaining about 5% consists of assets with lower liquidity, and replenishment is still being carried out through market and over-the-counter channels.

Original sources:

  1. Title: Security Incident | Recovery Update #4: Withdrawals Resume in Phases (2026-11-01) Publisher: Binance Publication date: 2026-11-01 (page indicated publication time around 2026-10-31 23:08) URL: https://www.binance.com/en/support/announcement/detail/73911fb819b240f88b88256bdd318eda Nature of source: official announcement Verification: the full announcement was read for this report; verification date 2026-11-01 Supported content: first-phase withdrawals planned to resume on November 1 from 06:00 to 09:00 UTC, staged rollout, specific network and asset list, deposits unaffected, user fund safety statement, about 95% of the affected amount covered and major assets fully supported

  2. Title: Fellow Binancians, Binance is preparing to resume phase one of withdrawals on 2026-11-01 between 06:00 and 09:00 (UTC). Publisher: Binance (@binance) Publication date: 2026-11-01 URL: https://x.com/binance/status/2116744986096292263 Nature of source: firsthand post Verification: the full post was read for this report; verification date 2026-11-01 Supported content: first-phase recovery time, staged arrangement, and user fund safety statement consistent with the official announcement

ABAB AI Insight

This resumption is a phased restart after a recent security incident led to the suspension of withdrawals. Binance previously said it expected withdrawals to resume within about 48 hours, and in later updates adjusted the time window to about 40–45 hours; this formal update sets the start of phase one for 06:00 to 09:00 UTC on November 1, broadly aligning with the earlier timing commitments. During the suspension, Binance publicly said it had replenished affected assets with company resources and increased the coverage ratio from about 80% to 90%, and then to the current about 95%.

The phased resumption approach is common after large exchanges encounter withdrawal-system or hot-wallet-related incidents, usually opening high-demand networks and mainstream assets first, then expanding after security and stability checks are completed. The first-phase networks listed by Binance cover mainstream channels such as BTC, ETH, BSC, SOL and TRX, along with their corresponding stablecoins, reflecting its strategy of prioritizing based on recent user withdrawal demand. The announcement also warns that there may be processing delays in the initial stage and requires users to confirm network status themselves, indicating that the recovery is not being opened in one full step.

Compared with some historical exchange incidents, Binance in this public update continues to emphasize that the company will bear the losses and that user funds will not be affected, while also advancing proof-of-reserves snapshots in parallel. The remaining roughly 5% that is not yet covered is explicitly described as lower-liquidity assets, and replenishment needs to be completed through market and over-the-counter channels. Whether phase one opens stably within the specified window as planned, and the pace of subsequent network expansion, will be direct points to watch in assessing the recovery progress.

ABAB News · Cognition Law

  1. Withdrawal recovery is being rolled out in stages according to recent user demand, with mainstream networks and assets opening first.

  2. The company says about 95% of the affected amount has been covered, major asset balances are said to be fully supported, and the remaining portion consists of low-liquidity tokens.

  3. Processing delays may occur in the initial stage, and users need to confirm the specific network availability on the page.