Binance Begins Second Withdrawal Phase, Exchange Outflows Slow
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Binance, the world's largest cryptocurrency exchange, has initiated a second phase of cryptocurrency withdrawal, according to a recovery notice published on November 3, 2026. This follows a $6.3 billion hack last week.
Additional assets will be made available for withdrawal from 04:00 UTC on Tuesday, as security checks are completed, building upon the initial reopening on November 1st.
Key Points:
- Withdrawals for most networks, including Binance Smart Chain, Ethereum, Solana, XRP Ledger, Sui, Arbitrum, Optimism, Tron, and Base, will resume progressively from 04:00 UTC on Tuesday.
- Binance prioritized tokens based on user demand over the past week.
- Deposit functions remain available.
- Outflows from the exchange have slowed, with net outflows reaching $2.57 billion on Monday, down from $6.1 billion on Sunday, according to DefiLlama data.
- Binance warns users about scammers exploiting the phased reopening by impersonating the exchange and offering accelerated withdrawals or other fraudulent services.
Related:
- [Binance net outflows surge to $5.8B as withdrawals resume after record hack](insert link if available)
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