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Binance aims for full withdrawal restoration next week

Binance has reopened withdrawals for over 62 tokens and targets restoring the rest by next week after a late-October security incident, Crypto Briefing reports.

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Binance said it expects to restore withdrawals for all remaining tokens by the end of next week, following a security incident in late October 2026, according to Crypto Briefing. The exchange has reopened withdrawals for more than 62 tokens so far, with the latest batch unlocked in announcements made on November 5 and 6, and the broader reopening process starting at 04:00 UTC on November 5, the outlet reported. Those tokens span major networks, and Crypto Briefing said Binance prioritized assets based on user demand recorded the prior week, placing ETH, USDT and USDC near the front of the queue.

The restoration has proceeded in phases since November 1, one network-asset pair at a time, rather than through a single reopening, per the report. On November 1, Binance recorded net outflows of roughly $3.64 billion across 15 networks, reflecting $4.649 billion in withdrawals against $1.01 billion in deposits, Crypto Briefing reported. The exchange reportedly kept deposits open throughout the suspension period.

Binance has replenished the large majority of the affected assets using its reserves, including its Secure Asset Fund for Users, and has updated its proof-of-reserves snapshots, according to the outlet. Crypto Briefing did not specify the nature of the late-October security incident, which tokens remain locked, the identities of the 15 affected networks, what makes up the unreplenished portion of assets, or whether the exchange will meet its stated restoration timeline.

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News, not financial advice. Memecoins carry substantial risk. Market snapshots can change quickly. This story was produced by the Block FOMO desk with AI assistance and checked against its sources. Editorial policy.