SignalDailyGlobal signals. Global context.

Market Incident

Public · Developing

AI compiled from Infoway · 6 analyzed stories

Binance begins second withdrawal phase following record hack

Binance plans to start a second phase of cryptocurrency withdrawals on Tuesday after last week's $6.3 billion hack. Additional assets will reopen progressively from 04:00 UTC, following an initial reopening on Nov. 1, while deposits remain available.

Published:

Updated:

What happened

Binance began restoring some withdrawals on November 1 after suspending them following an attack on its hot wallets. It said more tokens and networks would reopen in stages from around 04:00 UTC on November 3. Yi He also said more assets would be included beginning November 5, without naming them.

Global impact / market context

Some customers can move assets again, but withdrawals are returning in stages and the notices do not say which assets are included in every phase. Customers need to check that a route is open and choose the correct network before sending.

What to watch

  1. Check which tokens and networks Binance has reopened; the notices do not list every route.
  2. Check whether more assets become available beginning November 5; Yi He did not name them.
  3. Check the selected network before each withdrawal; Binance told customers to confirm it is correct.

Evidence