Binance announced this Saturday (14) that it reopened withdrawals on 87 cryptocurrency networks over the course of the week. The exchange intends to restore operations on the remaining networks and assets by the end of next week, following the October 29 cyberattack that affected approximately US$ 6.34 billion in digital assets.
The resumption includes networks such as Avalanche (AVAX), Cardano (ADA), Litecoin (LTC), Near (NEAR), Cosmos (ATOM) and Starknet. The list was disclosed in an official statement, but the company did not say how many networks and assets remain restricted.
Withdrawals have been released gradually since the beginning of November, after operations were suspended to contain unauthorized transfers during the attack.
Reopening withdrawals does not mean full normalization
Binance advises customers to check the availability of each asset and network directly on the withdrawals page or on the platform's status dashboard. Even on re-enabled networks, temporary delays and longer processing times may occur due to the volume of requests.
The operational recovery comes after the exchange announced, in a statement published on November 12, that it had completed coverage of the assets affected by the incident. To do so, it used its own resources, part of the user protection fund (SAFU) and amounts from its futures insurance fund.
Replenishing these assets does not mean that all stolen funds have been recovered, nor that withdrawal services are fully available.
The October attack compromised different wallets on the platform and led to the suspension of withdrawals as a containment measure. According to Reuters, the FBI and Binance attributed the operation to North Korea, which denied involvement.
The exchange has not yet presented an individual schedule for the pending networks. The goal of completing the reopening by the end of next week remains subject to the progress of the recovery, and further updates will be disclosed through the company's official channels.
