Binance reopens Bitcoin withdrawals after $6.3B hack, says 95% restored

Binance has reopened Bitcoin withdrawals on November 1, becoming the first network to resume service after the exchange suspended withdrawals following its $6.3 billion cryptocurrency hack on October 29. Summary Binance has resumed Bitcoin network withdrawals after suspending services following its $6.3 billion security breach. The first recovery phase covers selected cryptocurrencies across 15 networks, with other withdrawals awaiting security checks. Binance says it has replenished 95% of affected assets, up from 90% in its previous update. BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC balances are now fully backed, according to the exchange. A new Proof of Reserves snapshot has been published, with full cryptographic verification expected by November 3. According to Binance’s latest announcement, the Bitcoin network became available during the first phase of its withdrawal recovery program. Founder Changpeng Zhao (CZ) subsequently confirmed the reopening in a short X post, writing, “BTC withdrawal is live.” The exchange scheduled its initial reopening window between 06:00 and 09:00 UTC on Sunday, with selected cryptocurrencies across 15 blockchain networks included in...