At a glance

  • Binance says it has reopened withdrawals on 87 networks this week, according to a recovery update posted at 03:52 UTC on Saturday.
  • The exchange says it will aim to reopen withdrawals for all remaining networks and assets by the end of next week. It did not say how many remain closed.

Binance said in the update that it continues “to make progress restoring withdrawal services.”

The 87 networks include Avalanche (AVAX), Cardano (ADA), Litecoin (LTC), Near (NEAR), Stellar (XLM), Cosmos (ATOM), Internet Computer (ICP), Filecoin (FIL) and Hyperliquid (HYPE), the announcement lists. Layer-2 networks on the list include Linea, Scroll and zkSync Era.

Users should check the withdrawal page for their chosen asset and network, or Binance’s network status page, before sending, the exchange said. During the rollout, withdrawals may take longer than usual because of traffic, and a failed request can be retried after a short wait.

Binance said it will share further updates on its official X channel.

Where the phases stand

Binance paused withdrawals after the $6.3 billion theft on 29 Oct and restarted Bitcoin withdrawals in phases on 1 Nov, starting with 15 networks. It reopened a second batch of assets on 3 Nov.

On 12 Nov the exchange said it had finished covering the assets hit, and that withdrawals would reopen in phases. It gave no date then.

Saturday’s update names one: the end of next week.

What the update leaves out

The announcement does not mention the zero-knowledge proof for the 198-token proof-of-reserves snapshot taken at 00:00 UTC on 12 Nov. Binance said on 12 Nov that generating the proof would take about 40 to 50 hours.

It also does not say which networks or assets are still closed. The list of 87 is the only inventory it gives.

BNB was trading at $616.59 as of 04:52 UTC, down about 2.1% since the start of the UTC day, according to Kraken.

Next, watch for the proof for the 198-token snapshot and for the update at the end of next week that Binance says will complete the reopening.

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This article is for information only and is not investment advice.