Binance to resume withdrawals after largest exchange hack on record

CryptoVideos brief
Built from 2 sources 2 Nov 2026 · 00:24 UTC 1 min read Main editor: Earl Jacobson

Binance said it will restart withdrawals within days after a hack described as the biggest on record. The exchange assures users that deposits remain operational and that funds are safe. Binance will absorb the financial loss, having already covered most of the impacted amount. The company has frozen a large portion of the stolen assets and is conducting a technical investigation.

Key points

Binance plans to resume withdrawals within days after the hack.
The exchange says user funds are safe and it will absorb the losses.
The incident is described as the biggest crypto exchange hack on record.

Why it matters

Resuming withdrawals lets users access their assets after a major breach, while coverage of losses reduces financial risk for customers.

What's unclear

The exact timing of full withdrawal restoration differs between reports, with one citing 48 hours and the other a specific November 1 date.

Coverage of losses is described as total in one report and approximately 95% in the other.

Price context · XRP

At publication

$1.24

Now

$1.26

Change since

+1.61%

7 days · dashed line = publication

Sources · 2 publishers

U.Today Tier 2 First report 30 Oct, 05:08 UTC

Binance Reveals When It Will Resume Withdrawals After Historic Hack

Cryptonews.com Tier 2 1 Nov, 18:00 UTC

Mark Zuckerberg’s Meta AI Predicts an XRP Explosion as Binance Resumes Withdrawals Following Hack

Coverage timeline

Oct 30, 05:08First reported by U.Today
Nov 1, 18:00Also reported by Cryptonews.com
Nov 2, 00:24CryptoVideos brief published

How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error