# Binance begins phased withdrawal restart after crypto theft

_Published Sunday, November 1, 2026 at 4:06 PM EST · Security, Products · Latest · Tier 2 — Notable_

![Binance begins phased withdrawal restart after crypto theft — Primary](https://media.thenextweb.com/2026/10/binance-logo-yellow-diamond-pattern.jpg)

Binance began restoring withdrawals in phases on November 1, between 06:00 and 09:00 UTC, according to its recovery update. The first phase covers networks and assets with the most user demand in the past week; further withdrawals will follow as security checks finish. Deposits remain open.

The exchange says it has covered about 95% of the stolen amount, up from 90% on Saturday. It is buying the remaining 5%, comprising less liquid tokens outside its top ten, through market and over-the-counter deals. Binance said it set aside more than $6.34bn from company funds, including emergency reserves, its futures insurance fund and corporate treasury.

## Sources

- [The Next Web](https://thenextweb.com/news/binance-hack-north-korea-fbi-tradertraitor)

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Canonical: https://techandbusiness.org/newswire/kYl2LK7zjlEsXaFGR1DFdL
Published: 2026-11-01T21:06:03.863Z
Story chronology: 2026-11-01T06:00:00.000Z
Retrieved: 2026-11-02T00:01:05.054Z
Publisher: Tech & Business (techandbusiness.org)