Binance Restores HYPE Withdrawals After October Breach

Binance restored withdrawals for Hyperliquid’s HYPE token on November 8, ending a restriction imposed after an October 29 security breach. The reopening came as the exchange continued a phased recovery of withdrawal services, and HYPE was trading near $77, down about 12% over the previous seven days.

The exchange also restored withdrawals for Aptos’ APT token on November 8. Binance had said on November 6 that it was working to reopen withdrawals for HYPE, APT, INJ, PLASMA, NEAR and LTC by the end of the following week. HYPE and APT returned before that stated deadline. The status of the other four assets was not confirmed in the latest update.

Binance began reopening withdrawals in stages after the breach, which reports described as involving about $6.3 billion in funds. Earlier phases restored withdrawals for Bitcoin and selected assets across multiple networks, followed by Ethereum- and Solana-based tokens. Binance has said it is completing security checks for individual assets and networks before restoring additional withdrawal routes.

The restoration allows customers to move HYPE off Binance, including to personal wallets or other exchanges. While withdrawals were suspended,...