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Binance reopens BTC withdrawals in first phase following security incident
Binance has begun phase one of restoring withdrawals following a recent security incident, with the BTC network among the first to be reopened on November 1, 2026.
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Binance has announced that the phased restoration of withdrawal services is underway following a recent security incident. Phase one commenced on November 1, 2026, between 06:00 and 09:00 UTC, beginning with the reopening of selected networks and assets, including the Bitcoin (BTC) network. Additional supported networks in this batch include Ethereum, BNB Smart Chain, TRON, Solana, XRP, and others, with the selection based on recent user demand. The announcement also states that deposits remained unaffected during the incident and approximately 95% of impacted funds have been replenished. Binance indicated that user fund safety is a priority, with balances in principal assets fully backed and further incident details to be provided after the investigation concludes.
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Binance is a cryptocurrency exchange based in Hong Kong, recognized for its high daily trading volumes, proprietary BNB Coin, and a cold wallet feature for asset storage. Users can benefit from low commissions related to liquidity and trading volume, though the exchange has a complex verification process, is not regulated, and has an intricate commission and rewards system. For further details, see the Binance broker profile on Traders Union: full review on Traders Union.
For additional background, see our earlier news about Binance collaborating with the FBI Cyber Branch after a $6 billion virtual asset theft, detailed in the previous Binance update on Traders Union.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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