Binance expects to complete the restoration of all withdrawal services by the end of next week following a recent security incident, with the process being carried out in stages rather than through a single network-wide reopening. The exchange has prioritized assets based on user demand, allowing the most frequently requested cryptocurrencies to regain withdrawal access ahead of others. For users, withdrawal access is a core control, since it determines whether they can move their holdings into their own custody — and as one of the world's largest cryptocurrency exchanges by trading volume, Binance's service status affects a broad cross-section of the market.

More Than 62 Tokens Reopened for Withdrawals

In announcements published on November 5 and November 6, Binance confirmed the reopening of withdrawals for more than 62 tokens across several networks, including Ethereum and BNB Smart Chain. The latest batch of assets regained withdrawal access beginning at 04:00 UTC on November 5.

The exchange started restoring withdrawal services on a network-by-network and asset-by-asset basis from November 1. Under this phased approach, the availability of a particular token depends on whether its associated network and withdrawal service have been restored.

Binance has also used withdrawal demand over the preceding week to determine the order in which assets return. Ethereum (ETH), Tether (USDT), and USD Coin (USDC) were among the assets prioritized during the initial restoration stages. Customers holding less frequently requested tokens have faced longer waiting periods as the exchange works through the remaining assets and networks.

$3.64 Billion in Net Outflows on the First Day

The first day of reopened withdrawals produced approximately $3.64 billion in net outflows across 15 networks on November 1. The figure represented roughly $4.649 billion in withdrawals against $1.01 billion in deposits, indicating that customers moved substantially more assets out of the exchange than they deposited during that period. Net flow figures of this kind — withdrawals minus deposits over a set period — are a standard metric used to track how assets move on and off centralized exchanges.

Binance has reportedly replenished approximately 95% of the assets affected by the security incident. The exchange covered the losses through its reserves, including funds from its Secure Asset Fund for Users (SAFU), an emergency fund Binance established in 2018 and finances through a share of trading fees. While the replenishment figure indicates that most affected assets have been covered, approximately 5% remains outside the reported replenishment total.

Proof of Reserves Updated During Recovery

Alongside the service restoration, Binance has updated its Proof of Reserves disclosures and published asset snapshots. Proof of Reserves is intended to demonstrate that a cryptocurrency exchange holds sufficient assets to cover customer balances, a reporting practice that became widespread across the industry after the 2022 collapse of FTX, when exchanges came under pressure to show that customer holdings were fully backed. The updated disclosures provide additional information for users and external observers assessing the platform's asset position following the incident.

The exchange has committed to providing regular updates on the recovery process and on the availability of individual assets. Deposits remained operational while withdrawal services were being restored, allowing incoming transfers to continue throughout the disruption.

Remaining Withdrawals Targeted for Next Week

The end-of-next-week target now serves as the primary timeline for Binance customers waiting to withdraw assets that have not yet been restored. The approximately 95% replenishment figure suggests that most affected assets have been covered, although the recovery process is not yet complete.

The demand-based restoration order has meant that liquidity for ETH, USDT, and USDC became accessible on Binance earlier than for some smaller tokens. Users holding assets that were lower on the priority list have had to wait for their respective withdrawal services to return.

Further attention is likely to focus on Binance's updated Proof of Reserves, asset snapshots, and subsequent announcements as the exchange works toward completing the restoration.

Source: Crypto Briefing. Writer: Ethan Collins. Originally published by Hokanews on November 6, 2026.