Binance resumes USDT, USDC withdrawals on Ethereum and BNB Smart Chain

Binance, one of the largest global cryptocurrency exchanges, has reopened withdrawals for USDT and USDC on Ethereum and BNB Smart Chain following a temporary freeze that began after a recent security breach. The phased reactivation of withdrawal services represents a significant step towards restoring full user functionality after the hot-wallet incident disrupted on-exchange dollar asset movement. Binance outlined the reopening process in its Recovery Update #4, confirming that withdrawals for USDT, USDC, and ETH are now operational on Ethereum. On BNB Smart Chain, BNB, USDT, and USDC withdrawals have also resumed as part of the initial phase. The exchange emphasized that the staged return of withdrawals is designed to prioritize user activity and demand.

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