The world’s largest crypto exchange reopened customer withdrawals. The change took place on Sunday, November 1, 2026. Binance turned its withdrawal tools back on in phases. The move followed a record theft late last week. It was a big step for the firm.

In the first nine hours, users moved large sums. The exchange processed 4.65 billion dollars in payouts. At the same time, users put 1.01 billion dollars into the platform. Deposits were steady throughout the
day.

Overall, the exchange saw 3.64 billion dollars in net outflows. That sum equals about two percent of company assets. Binance holds over 171 billion dollars in total customer funds. The platform has deep cash reserves.

Management said the outflows matched their plans. Withdrawal traffic spiked early in the morning. Then, the rush of transactions slowed down. The rush did not cause delays.

The exchange restored services in careful steps. The first phase opened at one in the morning. By seven thirty, fifteen major blockchains were working again. These networks included Bitcoin and Ethereum. They also included the Binance Smart Chain.

Technical teams are still testing smaller networks. The team is running checks on Cardano and Chainlink. They are also testing NEAR, Hyperliquid, and Litecoin. Engineers test each coin with care.

Most listed tokens remain paused while engineers run tests. Over five hundred coins are still on pause.The company wants to make sure all security doors are shut tight. Safe systems protect user funds.

Binance now sends funds from fresh digital wallets. These new wallets were added to its reserve lists. The firm took this step after the security breach. Thieves had drained 6.3 billion dollars from older hot wallets.

Investigators said an engineer’s work computer was compromised. The thieves used that access to sign unauthorized payouts. They deployed a small contract on Ethereum to sweep funds. The contract was only 130 lines of code. It moved coins very quickly.

Investigators said an engineer’s work computer was compromised. The thieves used that access to sign unauthorized payouts. They deployed a small contract on Ethereum to sweep funds. The contract was only 130 lines of code. It moved coins very quickly.

For example, OKX saw over three hundred million dollars in net deposits. Meanwhile, Bitcoin balances rose slightly on Coinbase and Kraken. Traders moved coins to spread out their risk. Spreading risk is a common choice.

Binance leaders worked hard to calm user fears. Co-chief Richard Teng shared regular updates on social media. He said the firm has replaced ninety percent of the stolen coins.

The exchange set aside 6.34 billion dollars to cover all losses. Teng promised that no user will lose money from the theft. The exchange will absorb every dollar of loss. User balances remain whole.

The company will share a fresh proof-of-reserves report on Monday. This report will use zero-knowledge proofs. These math tools prove that the exchange holds all user assets. The audit uses a snapshot taken on October 31.

Exchange safety is the top priority for crypto users. When a major platform faces a breach, users want proof of reserves. Binance showed strong cash reserves during this test. The platform handled billions in payouts without locking up.

Users should always practice good digital safety. Leaving all your coins on one exchange carries risk. Many users prefer to hold coins in private hardware wallets.

Moving coins into cold storage keeps private keys safe. Taking smart steps today protects your savings tomorrow. Storing coins in self-custody gives you complete control over your wealth. You hold the secret keys yourself.

Good habits help you protect your digital savings. Never share your recovery words with anyone. Keep backups in a safe place. Safe tools build a strong foundation for every investor. Good tools bring peace of mind.

The crypto industry learns valuable lessons from every crisis. Strong reserves help exchanges survive huge storms. Clear updates from leaders build trust with everyday traders. As Binance tests its remaining tools, users will watch the Monday audit report with great care.