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Binance Reopens Withdrawals After Replenishing 95% of Assets

The remaining 5% consists of less liquid tokens the exchange is still acquiring, while several major assets are reported to have full reserve backing.

Binance Reopens Withdrawals After Replenishing 95% of Assets
Binance Reopens Withdrawals After Replenishing 95% of Assets

Binance plans to resume withdrawals in phases from 06:00 to 09:00 UTC on November 1, starting across 15 networks, including BTC, ETH, BSC and SOL. Deposits remain operational, and other networks will reopen after security checks are complete. The exchange says it has replenished approximately 95% of assets affected by the hack, up from 90% previously.

Why it matters

The phased reopening ties restored access to security checks on each network. Binance says the remaining 5% of affected assets consists of less liquid tokens it is still acquiring, and reiterated that it will cover all losses from the hack.

Market impact

Binance says BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are backed by 100% reserves. The withdrawal schedule and remaining replenishment are the key measures of recovery as more networks return.

Source: [JavaScript is disabled](https://www.binance.com/en/support/announcement/detail/73911fb819b240f88b88256bdd318eda)

Related tokens
$BTC $ETH $SOL $BNB $USDT

Frequently asked questions

  1. When does Binance plan to resume withdrawals?

    Binance plans a phased resumption from 06:00 to 09:00 UTC on November 1, beginning across 15 networks.

  2. Which networks are included in the first withdrawal phase?

    The first phase covers 15 networks, including BTC, ETH, BSC and SOL.

  3. What happens to networks not included in the first phase?

    Binance says other networks will reopen after their security checks are complete.

  4. How much of the affected assets has Binance replenished?

    Binance says it has replenished approximately 95%, up from 90% previously. The remaining 5% consists of less liquid tokens it is still acquiring.

  5. Which assets does Binance say have 100% reserve backing?

    Binance lists BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC as backed by 100% reserves.

Source attribution
Aggregated from WuBlockchain · Verified · Last refreshed 1h ago
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