Binance Restores Withdrawals on 87 Networks, Aims to Resume All Withdrawals by Next Weekend
Binance said on November 14 that it had restored withdrawals on 87 networks this week and aims to resume withdrawals for all remaining networks and assets by next weekend. The exchange began restoring withdrawals in stages in early November after $6.3 billion in digital assets was stolen in an October 29 cyberattack.
Binance said on November 14 that it had restored withdrawals on 87 networks this week and aims to resume withdrawals for the remaining networks and assets by next weekend. The exchange is gradually resuming operations after a cyberattack in which $6.3 billion in digital assets was stolen.
Binance began restoring withdrawals in stages in early November 2026. At the time, the company had replaced 95% of the stolen digital assets. Some experts consider the incident the largest cryptocurrency theft to date. Binance has pledged to reimburse customers in full for their losses.
In a preliminary report, Binance said the hackers’ multistage intrusion began in June 2026 and caused a series of security breaches, culminating in the theft on October 29. The incident has also raised concerns about the security of digital assets and its impact on Binance.
Just over a week after the theft, Chief Financial Officer Kaiser Ng left Binance after more than five years with the company to pursue a new business venture. His successor, Justin Yek, has many years of financial management experience and most recently served as vice president of finance at payments technology company Airwallex.
Source: VietVance
