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Binance Covers 95% of Losses; Withdrawals Partly Resume

Binance began restoring withdrawals for selected assets on Ethereum and BNB Smart Chain on Nov. 1, 2026, after suspending them following a security incident. Withdrawals reopened for USDC, USDT and ETH on Ethereum, and USDC, USDT and BNB on BNB Smart Chain. Binance said other assets and networks would reopen gradually after security checks, and warned that heavy traffic could delay transactions. It said deposits remained available throughout the suspension.

Binance said it had covered about 95% of the affected assets using its own resources and would not pass losses on to users. It said the remaining assets were less liquid tokens that were harder to acquire, and that it would publish an incident report after its investigation.

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