Binance Reopens Bitcoin Withdrawals After Security Breach

Binance reopened Bitcoin withdrawals on November 1, the first network to resume service after the exchange suspended withdrawals following an October 29 security breach it valued at about $6.3 billion. The exchange said it had replenished approximately 95% of affected assets, while withdrawal access for other routes remains subject to security checks. The reopening is part of a phased recovery covering selected cryptocurrencies across 15 networks. Binance said each asset and network combination must pass security and stability checks before it becomes available; inclusion in the first-phase list does not mean every route has reopened. The company has not announced a date for the second phase. Binance reported that its asset coverage had risen from 90% in its October 31 update to about 95% on November 1. It attributed the remaining 5% to less-liquid tokens that take longer to purchase. Those figures and the exchange’s statements about backing and replacement are Binance’s own claims; the recovery announcements reviewed do not provide independent verification. The exchange said balances in Bitcoin, Ether, USDT, BNB, Solana, USDC, XRP, USD1, RLUSD and Zcash were fully backed....