Binance Restores APT and HYPE Withdrawals After $6.3B Security Breach
Key Takeaways
- •Binance confirmed on November 8 via its official Square channel that withdrawal services for Aptos's APT token and Hyperliquid's HYPE token have been switched back on.
- •The resumption of withdrawals follows a security breach at the exchange that was reported at $6.3 billion.
- •The announcement addressed withdrawal services only, leaving the deposit status for both APT and HYPE unmentioned.
- •With withdrawals restored, holders can transfer the two tokens to external wallets or other platforms, including keeping them in self-custody.
- •Aptos is a layer-1 blockchain founded by former Meta engineers and built on the Move programming language, while Hyperliquid is a decentralized perpetual futures exchange operating its own layer-1 network.
Aptos (APT) holders can once again move their tokens off Binance. In a November 8 post on its official Square channel, the exchange confirmed that withdrawal services for APT, the native token of the Aptos network, and for Hyperliquid's HYPE had been switched back on, extending the list of assets whose withdrawals have been restored. The notice covers withdrawal services specifically; deposit status for the two tokens was not addressed in the announcement.
The resumption follows a security breach at the exchange, reported at $6.3 billion. Cryptocurrency exchanges routinely suspend deposits and withdrawals for specific assets during security incidents, network maintenance, or wallet migrations, keeping transfers paused until internal reviews confirm that user balances and system integrity remain intact. Restoring withdrawal support asset by asset, rather than in a single sweep, is consistent with that review-first approach.
Binance Square, the channel used for the announcement, serves as the company's official social platform for service updates and notices to users, making it the venue to watch for any further changes to asset transfer status. Binance operates as one of the largest cryptocurrency trading venues globally by trading volume.
Aptos is a layer-1 blockchain built using the Move programming language, which was developed by engineers formerly involved in Meta's Diem project, and the network was founded by former Meta engineers. APT is used to pay transaction fees and to take part in staking and governance on the network.
Hyperliquid is a decentralized exchange focused on perpetual futures trading that runs on its own layer-1 blockchain, with HYPE serving as its native token.
With withdrawals re-enabled, users can once again transfer both tokens to external wallets and other platforms, completing the standard recovery sequence that follows a temporary suspension of on-exchange transfers. For holders, that also restores the option of keeping the tokens in self-custodied wallets rather than on the exchange.
This report was first published by COINOTAG: https://en.coinotag.com/binance-restores-apt-withdrawals-after-6-3b-breach
