Binance restores USDC, USDT, ETH, and BNB withdrawals after hot wallet breach

The exchange reopened stablecoin and native token withdrawals on Ethereum and BNB Smart Chain as part of a phased recovery Binance has reopened withdrawals for USDC, USDT, and ETH on Ethereum. It has also reopened USDC, USDT, and BNB withdrawals on BNB Smart Chain. The restoration landed on November 1, 2026. It is part of a staged recovery after a security incident on October 29, when approximately $6.3 billion was drained from Binance hot wallets across multiple blockchain networks. What came back online, and in what order The reopening did not happen all at once. Bitcoin withdrawals came first, earlier on November 1. Ethereum and BNB Smart Chain followed. The two networks carry the three assets most users actually move: the two dominant stablecoins plus each chain’s native token. In total, the phased rollout expanded to 15 networks, including Ethereum and BSC. Binance warned users that they may hit temporary delays while traffic stays high during the first wave of withdrawals. Deposits were never switched off during the incident. Funds could flow in throughout. Only the exit door was locked. The money behind the reopening The exchange reported setting aside more than $6.34 billio...