In a significant move towards recovery, Binance has reopened withdrawals for Hyperliquid and Aptos on November 8, 2026, ahead of its anticipated timeline. This development comes in the wake of a staggering $6.3 billion security breach that occurred on October 29, prompting the exchange to act swiftly to reassure its users and restore confidence in its platform.
As of November 6, Binance had indicated its intention to restore these assets by the end of the following week, and the latest updates confirm that the exchange is making strides towards this goal. The announcement on social media detailed the re-enabling of withdrawals for various networks and assets, signaling a cautious but positive step forward.
On-chain data from CryptoQuant reveals a stark decline in Binance’s bitcoin reserves, which have plummeted from approximately 730,000 BTC before the breach to about 673,700 BTC. This represents a loss of roughly 56,000 BTC, equivalent to a staggering $4.2 billion based on the current price of $75,800. The fallout from the hack has been evident, with daily net outflows reaching alarming levels in the days following the security incident.
The largest withdrawals were recorded between late October and early November, with daily outflows peaking at 22,000 BTC, the highest in the past year. However, recent data suggests that the situation is stabilizing, with net inflows beginning to appear, including a positive reading of 10,400 BTC.
In addition to the bitcoin reserves, Ethereum reserves have also taken a hit, dropping from about 3.48 million ETH to 3.08 million ETH, marking an 11.5% decrease. The most significant decline was seen in Ethereum-based stablecoin reserves, which fell from $41 billion to $32 billion—a 22% drop, reflecting a net outflow of $9 billion.
Despite these challenges, Binance has reported that approximately 98% of the affected assets have been replenished. The exchange has undertaken a phased approach to restoring asset withdrawals, starting with bitcoin and selected assets across 15 blockchain networks on November 1, and subsequently expanding to include Ethereum and Solana tokens.
Blockchain investigations have pointed to North Korean hackers being behind the attack, marking it as the largest crypto theft on record in dollar terms. The implications of this breach have not only affected Binance but have also raised broader concerns about security within the crypto space.
In a bid to mitigate customer losses, Binance has committed to covering these losses using corporate funds and its Secure Asset Fund for Users, aiming to build that fund back up to $1 billion. This assurance is crucial as the exchange navigates through this turbulent period.
As of the latest trading updates, Hyperliquid is trading at approximately $77.12, down 2.47% in the last 24 hours, while Aptos is at $0.5944, reflecting a 1.16% decline. While Binance has not provided updates on the security checks for other assets, it has promised to keep users informed through its official channels.
