Binance has reopened withdrawals for more assets, almost a week after the exchange suffered the largest cryptocurrency theft ever recorded. The latest phase began at 04:00 UTC on Friday 6 November, under what the exchange calls Recovery Update #9.
The move is the second round of a phased recovery. Binance says each asset is being restored only after it passes security and readiness checks, with the most in-demand tokens first — and that deposits have stayed open throughout.
What Binance announced today
In Recovery Update #9, published on X, Binance said it began reopening withdrawals for more assets from 04:00 UTC on 6 November. Not every asset returns at once: the exchange is reopening each network-and-asset pair individually, and only after that pair clears its security and readiness checks.
Priority is going to the tokens users have asked for most over the past week, Binance said. More assets will be added as they become ready. Users can check whether their asset and network are live on the withdrawal page for that asset, or on the exchange’s network status page.
Binance also warned that heavy traffic may cause temporary delays and longer processing times. If a withdrawal fails, it advises users to try again after a short while. The exchange said it will keep reopening withdrawals in phases, strengthening its safeguards and sharing updates on its official X account.
Which tokens are next
Binance named six tokens it is working to restore by the end of next week: HYPE, INJ, APT, PLASMA, NEAR and LTC. By the same deadline, it also aims to reopen withdrawals for all tokens on networks that have already been restored — BNB Smart Chain, Ethereum, Polygon, Arbitrum and Optimism.
That would leave only a small tail of assets still frozen, a week after the hack forced the exchange to halt withdrawals across the board. The schedule is a target, not a guarantee: Binance has stressed throughout the recovery that each pair returns only when its checks pass.
The latest phase builds on the first round on 1 November, when withdrawals resumed for all 15 networks and assets in the initial phase by 12:36 UTC. That first reopening came barely a day after the theft was discovered.
How the exchange got here
The hack, discovered on 31 October, drained about $6.3 billion from Binance — the biggest crypto theft ever recorded. The exchange said North Korean hackers were behind the attack, and arranged $6.34 billion in company resources to cover the losses so that users would not lose funds.
Binance later said it had recovered about 95 per cent of the stolen funds, and customers withdrew $4.7 billion in the days after the hack as confidence wobbled. This week the exchange also explained how the breach happened: a fake job interview and a poisoned coding test opened the door to its systems.
The recovery has been deliberately slow. Rather than switching everything back on at once, Binance has restored assets network by network, checking each one before it goes live — the approach that produced today’s second phase.
What it means for Pakistani users
Pakistan is one of the world’s biggest crypto markets, ranking among the top three countries for adoption, with an estimated 30 to 40 million users. For many of them, Binance is the main exchange — and the withdrawal freeze left funds they could see but not move.
That matters more now that Pakistan has brought crypto into a regulated framework. The Pakistan Virtual Assets Regulatory Authority (PVARA) has issued no-objection certificates to Binance and Huobi (HTX), the first step toward formal licensing under anti-money-laundering and counter-terrorism-financing standards.
PVARA chairman Bilal Bin Saqib has described the approvals as a phased and risk-managed entry, not unrestricted authorisation. “This framework ensures that innovation enters Pakistan in a supervised manner,” he said. For Pakistani users, today’s reopening means the assets they hold on Binance are becoming movable again — but they should still check the withdrawal page for their specific asset and network before trying, and expect delays at busy times.
What to watch next
The test of Binance’s recovery now shifts to the deadline it has set itself: HYPE, INJ, APT, PLASMA, NEAR and LTC, plus every token on the five restored networks, by the end of next week. If those land on schedule, the freeze that followed the biggest hack in crypto history will be effectively over within a fortnight.
Users should watch Binance’s official X account for the next recovery update, and check the network status page rather than assuming an asset is live. The exchange has said it will keep strengthening safeguards as the reopening continues — a reminder that the $6.3 billion theft exposed weaknesses it is still working to close.
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