Binance has restored XRP withdrawals as part of the first reopening window following the Oct. 29 hot-wallet breach that the exchange estimates at nearly $6.3 billion.

Phase one ran on November 1, 2026, from 06:00 to 09:00 UTC. XRP appears on the early list alongside Bitcoin, Ether, BNB, Solana, Dogecoin, and Zcash, allowing holders to move balances to external wallets again after days in which leaving the venue was not possible.

XRP Withdrawals Return in Phase One

Binance set the reopening schedule in Recovery Update #4 and flagged the window on X. Withdrawals are returning in stages once security checks clear. Deposits remained open throughout the freeze, and the exchange said user funds remain safe. Binance added that it will absorb the financial impact of the stolen assets.

The first phase also stages USDT and USDC across Ethereum, BNB Chain, Solana, and Arbitrum, with Bitcoin and other major assets on the same early table. According to Binance, assets were ranked by user demand over the prior seven days, and more networks and tokens will follow as checks are completed. The exchange cautioned that early traffic may cause delays and advised users to retry shortly if a listed withdrawal fails.

Context of the Hot-Wallet Breach

The reopening ends a freeze imposed after the Oct. 29 breach. Binance's October 30 Security Incident Update put the estimated impact near $6.3 billion, with unauthorized withdrawals hitting hot wallets. Hot wallets are the internet-connected accounts exchanges typically rely on to process day-to-day withdrawals, a contrast with the offline cold storage where most customer reserves are kept. The exchange paused outbound transfers while it secured its systems and mapped the attack path. Deposits never stopped.

By Recovery Update #4, coverage of the stolen assets (the share of the estimated stolen value Binance says it has bought back) stood near 95%, up from about 90% in the previous note. BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC are fully backed at 100%. The remaining 5% sits in less liquid tokens, which are still being bought through market and over-the-counter channels. Binance said it is working with law enforcement and industry partners to trace the stolen assets, and a fuller post-incident report remains pending.

What the Reopening Means for XRP Holders

The phase-one listing for XRP is not a full restoration of every network. It is a controlled unlock of a high-demand exit after a multi-billion-dollar freeze, with dollar stablecoin rails on several chains returning in the same window. The mix reflects what Binance prioritized first: the assets users requested most over the prior week.

Unknowns remain. Not every asset and network is live, processing times may stay uneven while queues clear, and the coverage figures are company claims from the recovery updates. What the updates do show, however, is that the freeze that trapped XRP balances has started to lift.