withdrawal

Binance released the second progress announcement regarding the security incident, disclosing two key timelines. The announcement was made at 3:33 AM on October 31 (UTC+8).Binance stated that it plans to conduct the first proof of reserves snapshot within 12 hours after the announcement and will publish the results before November 2; at the same time, the technical team's goal is to gradually restore withdrawal services within approximately 34 hours, depending on the progress of security checks.Based on the announcement time, Binance plans to complete the first proof of reserves snapshot by 3:33 PM on October 31, with the goal of starting a phased restoration of withdrawal services by 1:33 PM on November 1.Binance previously stated that it has prepared over $6.34 billion in company funds, of which approximately $5 billion worth of affected token assets are in place, covering about 80% of the stolen assets, with the remaining portion being purchased through on-chain and off-chain channels. Additionally, approximately $3 billion of affected assets have been frozen on-chain.

The Solana ecosystem lending protocol Jupiter Lend stated that the protocol's liquidity has been replenished, USDC withdrawals have returned to normal, and the previously significantly increased capital utilization rate has also decreased.

Binance released a second update on the security incident signed by Co-CEO He Yi and Richard Teng, stating that the technical team aims to begin phased withdrawals within approximately 34 hours, contingent on the completion of security checks; services such as deposits that were not affected are operating normally.Binance stated that it has reserved over $6.34 billion in funds, of which $5 billion consists of stolen tokens, covering about 80% of the affected amount, with the remaining portion being purchased through market and over-the-counter channels; the first reserve proof snapshot will be conducted within 12 hours, with results announced on November 2.In terms of investigation, in addition to the initially suspected laptop breach, other points of compromise have been discovered, and no evidence of wallet private key leakage has been found so far. Further technical findings are expected to be disclosed within approximately 48 hours.ChainCatcher previously reported that the losses from this incident are approximately $6.3 billion, with about $3 billion frozen on-chain.

Binance Co-CEO He Yi released a video on the X platform stating that the assets affected by the hacking incident amount to 6.3 billion dollars. With the joint assistance of all industry practitioners, 3 billion dollars have been frozen, and it is expected that withdrawals will be reopened in the next 42 hours. The previous suspension of withdrawals was to ensure that the entire environment was free of contamination.In addition to reconstructing the security environment, a detailed technical security audit report will be produced in the future, and there will be no abandonment of tracking the hackers; the investigation will go to the end.

Binance Co-CEO Richard Teng stated that Binance has reserved over $6.34 billion in company funds to compensate for the stolen assets, of which $5 billion is held in affected tokens, including USDC, USDT, BTC, ETH, and BNB. The remaining portion is being purchased through market and over-the-counter channels. He reiterated that the affected wallets are Binance's own hot wallets, and customer funds have not been used; the vast majority of user assets are stored in cold wallets.Regarding the details of the attack, Teng mentioned that this attack was not the work of a single individual and that the methods used were complex. Preliminary investigations pointed to an infected laptop, and subsequent investigations uncovered other points of breach. The attackers employed a self-destruct mechanism, destroying tools and traces while attacking, which increased the difficulty of tracking. The attackers also exploited the known EIP-7702 protocol to gain on-chain execution authorization for the hot wallet, which had not gone through Binance's normal approval controls. As a result, Binance suspended withdrawal services to investigate, rebuild, and retest the entire infrastructure.In terms of follow-up arrangements, Binance is rebuilding the withdrawal service and will only re-enable it after strict testing, aiming to restore withdrawals before the Sunday deadline in approximately 40 hours. Binance is also conducting a comprehensive security review of terminals, cloud platforms, key management, and signatures. Binance plans to release a complete proof of reserves (PoR) report by Monday at the latest and hopes to provide preliminary results before that. Additionally, Binance is collaborating with law enforcement, blockchain intelligence companies, token issuers, and other exchanges to track, freeze, and recover the stolen funds.

Binance released an investigation update stating that preliminary investigations indicate that this security incident may involve an infected laptop, and subsequent investigations have uncovered more points of intrusion. Binance stated that this is a complex attack and is currently coordinating with law enforcement to handle the situation, while continuing to gather facts and will share more information directly in the future. Binance will use the SAFU fund and company funds to cover all losses and assures that user funds are safe.Binance still expects to resume withdrawal services within 45 hours, with deposits unaffected. After suspending withdrawals, the outflow of funds has stopped. Binance is working with partners to freeze affected assets, and approximately $3 billion has already been frozen, with further updates to be provided through official channels.

Binance customer service representative Sisi responded to community questions on social media, stating that this attack was not an event that could be completed through a single device; the starting point of the attack was a compromised employee's computer. Attacks on cryptocurrency institutions are usually highly targeted, and attackers often attempt to use complex methods to implement infiltration. Binance has discovered important clues related to the incident and has taken measures to control risks. Relevant investigations and tracing are still ongoing, and the platform's core risk control and emergency mechanisms have been activated.Regarding whether the engineer's permissions are too extensive, Sisi stated that this is not an incident where the attacker could directly use a specific engineer's permissions to complete a fund transfer, nor is it the result of a single person being able to operate with one click; the related anomalies involve a more complex attack process. At this stage, the investigation has not attributed responsibility to any individual, and the company will assume corresponding responsibilities while continuing to promote subsequent handling and security upgrades.Currently, there is no evidence of wallet private key leakage. The total losses from this incident will be fully borne by the SAFU fund and company funds, with no need for users to bear any costs. Approximately $3 billion in affected assets have been frozen on-chain, and Binance is cooperating with law enforcement and blockchain intelligence agencies to trace the funds, which are publicly traceable on-chain. Deposits are fully open and unaffected; withdrawals have been suspended as a precautionary measure and are expected to reopen within 48 hours, with specific timing subject to official announcements. Binance will continue to update progress while ensuring the accuracy of the investigation and will publish detailed information and further security reinforcement measures after the incident is handled and reviewed.

On October 30, Binance co-CEO and co-founder He Yi published an update on service progress: deposits are unaffected and are still operating normally. The team is working on improving withdrawal services and related address controls, and it is expected that withdrawal services will begin to resume within the next 48 hours.He Yi stated that further progress will be continuously updated through official Binance channels. Prior to this announcement, Binance had suspended withdrawals due to a security incident, and He Yi had previously stated that user funds are safe, and the platform will bear the related losses.

The founder of Liebit Mining Pool, Jiang Zhuoer, posted on platform X stating that Binance's potential losses account for a limited proportion of user assets and are not expected to trigger a large-scale withdrawal wave.He compared this situation to the Bybit theft incident in February 2025. At that time, Bybit was hacked for approximately $1.46 billion, which accounted for 9.01% of its roughly $16.2 billion in user assets. If Binance's gross outflow this time is $5.64 billion, of which $3 billion has been frozen, the remaining amount is about $2.64 billion, accounting for 1.6% of its approximately $165.12 billion in user assets.Jiang Zhuoer also mentioned that the gross outflow may include internal fund transfers within the platform and normal user withdrawals, and not all of it should be considered stolen funds. Binance has the capacity to absorb the related losses.

On October 30, the official X account of the cryptocurrency exchange Binance stated that Binance will bear all losses. As a precautionary measure, the platform has temporarily suspended all deposits and withdrawals while the team conducts security checks, freezes relevant funds, and collaborates with law enforcement.Binance stated that the team is continuously advancing the handling work, and a complete review will be published after the investigation is completed. Users are advised to obtain information only through official Binance channels. Earlier that same day, Binance mentioned that it was investigating potential security issues and updated that the total amount of verified frozen assets is approximately 3 billion USD. The team is still tracking and freezing more assets in collaboration with law enforcement, issuers, on-chain intelligence agencies, and industry partners.

Binance co-CEO He Yi stated on X at 08:04 Beijing time that user funds are safe, and Binance will bear all losses caused by this hacking attack. He Yi mentioned that currently, both deposits and withdrawals on Binance have been temporarily suspended, and the team is conducting security checks, freezing related funds, and cooperating with law enforcement.Once the investigation is complete, Binance will release a full incident review report. She also reminded users to rely only on information released through Binance's official channels. Previously, CZ stated that the actual losses from this incident may slightly exceed 1 billion dollars and that user funds are expected to be fully covered.

Binance co-founder He Yi posted that, to ensure safety, Binance has currently suspended withdrawals until the relevant environment is confirmed to be safe, and thanked users for their understanding and support.He Yi also emphasized that user funds are safe (SAFU). In addition, He Yi thanked the World Liberty Financial team for assisting in freezing 27 million USD1 and 48 million WLFI (valued at approximately 2 million USD).

Due to the detection of increased attempts of network attacks, the Indonesian cryptocurrency exchange Indodax has temporarily suspended user deposits and withdrawals to conduct security assessments and risk mitigation work.The platform stated that currently, user asset security is intact, and no unauthorized withdrawals or data breaches have been detected. The deposit and withdrawal services will resume once the system security is confirmed, and further updates will be released through official channels.

According to the official announcement, Gate Money has recently adjusted the fee standards for its USD-named accounts. While continuing to offer free account opening services, the account management fee has been reduced from 2 USDT per month to 1 USDT, and the USD withdrawal fee has been lowered from 50 USDT per transaction to 25 USDT, with both fees seeing a reduction of 50%. In addition, VIP 5 and above users can enjoy a full waiver of the account management fee, further reducing the costs of account usage and cross-border fund management.Currently, Gate Money supports four major fiat currencies—USD, EUR, GBP, and AED—for cross-border deposits and withdrawals via SWIFT. Eligible users can open a USD bank account in their name with one click and complete fund transfers, asset exchanges, yield management, and daily payments through the Gate App, enhancing the convenience of multi-currency fund management.Additionally, Gate Money is launching a limited-time account opening reward activity, lasting until November 11 at 16:00 (UTC+8). Users who complete registration and identity verification, open a USD-named account for the first time, and complete a valid bank transfer will have the chance to receive a random reward of 2–100 USDT, with specific rules subject to the official announcement.

The Ethereum Layer 2 network Blast has reached the withdrawal interface deadline, but approximately 40 million dollars worth of assets are still stranded in the cross-chain bridge.The official contract-level exit guide has been released, but withdrawals still require proof submission and a one-day wait; for USDB holders, a separate DAI claim is also necessary.

According to BBX data, last weekend, publicly listed companies and brokerages worldwide disclosed the latest developments in digital asset treasury allocation and trading channel services, with the core information as follows:The Smarter Web Company increased its holdings by 20 bitcoins: The London-listed technology company The Smarter Web Company officially announced that it recently made another asset allocation, increasing its holdings by 20 bitcoins. After this purchase, the company's total bitcoin holdings on its balance sheet have steadily risen to 2,850 BTC.Marinade released Q3 financial report, SOL staking volume increased significantly by 21.2%: The well-known Solana staking ecosystem project Marinade released its third-quarter financial report. The data shows that its SOL staking volume achieved significant growth, increasing by 21.2% to 7.94 million SOL. The company generated approximately $1 million in revenue for the quarter, demonstrating a robust cash flow in the on-chain staking ecosystem.Futu Securities (Hong Kong) launched BNB deposit and withdrawal services for qualified professional investors: Futu Holdings' Futu Securities International (Hong Kong) Limited officially announced the full launch of BNB deposit and withdrawal services for qualified professional investors (PI) in Hong Kong. Qualified investors can now use the BNB Smart Chain (BEP20) network to deposit funds from self-custody wallets to Futu crypto accounts or withdraw to verified whitelist addresses. Previously, Futu's wholly-owned licensed virtual asset trading platform in Hong Kong, PantherTrade, had already launched BNB trading pairs.

According to Unchained, the Ethereum liquid staking protocol Swell has suspended the deposit and withdrawal services for swETH and rswETH, which will be resumed after correcting the net asset value (NAV) and exchange rate of the two tokens.Currently, the project team has not announced a specific recovery time and stated that user funds are safe.

According to The Defiant, cryptocurrency exchange Kraken has canceled the questionnaire requirement for Monero withdrawals, and XMR remains listed on the platform.Kraken co-CEO Arjun Sethi stated that asking customers how they will use the withdrawn tokens is unacceptable. The exchange will still retain the review of the source of funds.Previously, Kraken required some users withdrawing XMR to answer enhanced due diligence questions, including explaining the reason for the transaction and the expected use of XMR after withdrawal.

According to official news, Futu Securities has opened BNB deposit and withdrawal services for qualified professional investors in Hong Kong, further expanding the virtual asset service chain.Qualified professional investors can now deposit funds via the BNB Smart Chain (BEP20) network between self-custody wallets and Futu crypto accounts, or withdraw to verified whitelist addresses, achieving compliant interconnection between on-chain assets and the securities trading ecosystem.

California Attorney General Rob Bonta announced that his office has reached a $500,000 settlement agreement with Fidelity Digital Assets, National Association (the successor entity of Fidelity Digital Asset Services), regarding the company's previous practice of restricting California retail customers from transferring cryptocurrency to external wallets.Regulators believe that this practice may violate the California Commodity Act of 1990; this law restricts certain speculative commodity contracts unless the buyer obtains physical delivery within a specified time, and the California government views the ability to withdraw cryptocurrency as a functional equivalent of delivery. From November 2022 to April 2025, California customers could buy and sell cryptocurrency on the Fidelity platform but were unable to send assets directly to external wallets. Fidelity stated that this restriction stemmed from the New York State Department of Financial Services (NYDFS) not approving the relevant functionality at that time; the license was approved in April 2025, and the transfer feature will be extended to all California retail customers in June 2025.