Binance picks Bitcoin network for first batch of withdrawal reopenings after hack

The exchange is restoring withdrawals in phases after a breach it says drained approximately $6.3 billion from its hot wallets Binance is reopening withdrawals after a major security breach, and the first batch uses the Bitcoin network. That was the exchange’s short update as it began restoring access following an attack on October 29-30. The scale explains the caution. Approximately $6.3 billion in digital assets was taken from Binance’s hot wallets, a figure that puts the incident on record as the largest exchange hack ever. Binance announced the phased resumption on November 1, 2026. Phase one went live between 06:00 and 09:00 UTC that day. Bitcoin is not alone in the opening group. The BTC network reopened alongside 14 other networks, for 15 in total during this first phase.

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