Binance restarts crypto withdrawals after recent security breach
Binance restarts crypto withdrawals after recent security breach
Binance has resumed withdrawals for major cryptocurrencies after a recent security breach, restoring transfers for several primary tokens and stablecoins.
Scope of restored withdrawals
Binance noted that remaining coins and blockchain networks will be re-enabled in stages, with availability varying by asset and by network.
Users were advised to consult the exchange's withdrawal page for the most current status of specific tokens and supported chains.
Compensation and outstanding tokens
According to a Binance statement, the company covered approximately 95% of the stolen assets from its own funds.
Binance said it is buying back the remaining tokens, and indicated that low market liquidity is prolonging the repurchase process.
Operational impact and expected delays
The exchange warned that initial processing of withdrawal requests may face delays as teams reconcile balances and restart services.
Customer support channels remain available to address user inquiries, while security teams continue to monitor systems for any further irregularities.
Binance did not disclose the total value of the breach in the statement and did not provide a timetable for full restoration.