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Binance Begins Reopening Withdrawals With Bitcoin After $6.3 Billion Hack
Publication: The Defiant
Author: The Defiant Team
Source published: 01/11/2026, 06:25:43 UTC
Briefing created: 01/11/2026, 06:44:00 UTC
Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 01/11/2026, 06:27:25 UTC.
Briefings
Following a massive $6.3 billion hack, Binance announced it has restored approximately 95% of stolen funds to affected users, with the remaining 5% held in less-liquid tokens. This partial recovery occurred after the exchange admitted to the breach and began reopening withdrawal channels. The timeline shows the exchange initiated the process on November 1, 2026, and the full resolution is expected to be completed by the end of the year.
Key points
- Binance restored approximately 95% of the $6.3 billion stolen from users, with the remaining 5% locked in less-liquid tokens.
- The exchange began reopening withdrawals on November 1, 2026, after the initial breach was discovered.
Context
This recovery effort addresses a significant security breach that exposed user assets, prompting the exchange to restore funds and allow withdrawals to resume operations.
Limitations
The evidence only confirms the 95% restoration rate and the 5% held in less-liquid tokens. It does not specify the exact date the remaining 5% was unlocked, nor does it provide details on the specific tokens or the timeline for the final completion of the recovery process.
Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 01/11/2026, 06:44:00 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.
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