Binance Resumes Withdrawals in Second Phase After $6.3B Hack
Binance has initiated a second phase of crypto withdrawals as outflows from the exchange continue to stabilize following last week's major security breach.
Binance has initiated a second phase of crypto withdrawals as outflows from the exchange continue to stabilize following last week's major security breach. Ethereum (ETH) is trading at $2,279.18, up 0.4% since this brief published. This is an original TLT brief synthesising 6 outlets (Blockonomi, Cointelegraph, Cryptopolitan, and others), plus live market data, as of Tue, 03 Nov 2026 12:30:04 UTC.
This development is crucial as it marks a significant step in Binance's recovery from the $6.3 billion hack, impacting user confidence and the liquidity of major blockchain networks. The phased approach aims to balance security with the need to restore normal operations.
- Binance begins second withdrawal phase, exchange outflows slow ↗
- North Korea denies role in $6.3B Binance hack, calls FBI claims political ↗
- North Korea Denies $6.3B Binance Hack, Calls FBI Finding a 'Political Provocation' ↗
- Bybit and Bitget see crypto deposits surge following Binance's $6.3 billion hack ↗
- Binance Begins Second Withdrawal Phase as Exchange Outflows Slow ↗
- Binance spends half its SAFU bitcoin to cover the $6.3B hack ↗
- Binance's second withdrawal phase began at 04:00 UTC Tuesday, covering Ethereum, Solana, XRP, Tron, and Base.
- Net outflows dropped to $2.57B on Monday, down from $6.1B on Sunday.
- Security checks continue with additional assets expected to become available soon.
Both Blockonomi and Cointelegraph report that Binance initiated the second phase of withdrawals at 04:00 UTC on Tuesday, following an initial reopening on Sunday. They agree that the phase includes Ethereum, Solana, XRP Ledger, Tron, and Base. However, Cointelegraph emphasizes that more assets will become available as security checks are completed, while Blockonomi focuses on the reduction in net outflows from $6.1 billion on Sunday to $2.57 billion on Monday.
- Binance Resumes Key Stablecoin and Token Withdrawals Post-Hack
- Binance Resumes USDT and USDC Withdrawals After Brief Halt
- Binance Resumes Solana Token Withdrawals After Security Incident
- Binance Sees $4 Billion in Withdrawals After Hack, Raising Concerns
- Binance Resumes Withdrawals Amid Fake $150 Reward Scam Warning
- Binance Resumes Withdrawals Post-Hack Amidst THORChain's Stance on Coin Freeze
- Binance Resumes Withdrawals in Second Phase After $6.3B Hack — this brief
Binance has commenced the second phase of cryptocurrency withdrawals, allowing users to access their funds on major blockchain networks including 
Ethereum, 
Solana, 
XRP Ledger, Tron, and Base. This move follows an initial reopening of withdrawals on Sunday and comes after the exchange suffered a $6.3 billion security breach last week.
The phased approach to resuming withdrawals reflects Binance's commitment to ensuring security while gradually restoring normal operations. According to Blockonomi, the exchange has seen a significant decrease in net outflows, which fell to $2.57 billion on Monday from $6.1 billion on Sunday.
Cointelegraph reports that Binance continues to conduct security checks, with additional assets expected to become available for withdrawal as these checks are completed. This suggests that the exchange is taking a cautious approach to ensure the integrity of its systems and protect user assets.
The development comes amid a broader market downturn, with the total crypto market cap at $2.65 trillion and 
Bitcoin experiencing a 1.10% drop in the last 24 hours. The Fear & Greed Index remains at 26, indicating a state of fear among investors.
Ethereum, XRP, and Solana, all affected by the withdrawal phase, have seen mixed performance in the last 24 hours, with ETH down 0.67%, XRP up 0.61%, and SOL down 1.83%. The total value locked (TVL) in Base has increased by 0.7% over the past week, while Phase's TVL has decreased by 7.4%.
Since this brief published about 2 hours ago, Ethereum (ETH) has moved from $2,269.01 to $2,279.18 — +0.45%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ETH ≈ ₦3.15M (about $2,279.18), down 0.5% over 24 hours. The naira itself trades about 2.6% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 3, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Binance Resumes Withdrawals in Second Phase After $6.3B Hack — questions & answers
What networks are included in Binance's second withdrawal phase?
Ethereum, Solana, XRP Ledger, Tron, and Base are included in the second phase.
How much did Binance's net outflows decrease by?
Net outflows decreased from $6.1 billion on Sunday to $2.57 billion on Monday.
When will additional assets become available for withdrawal?
As security checks are completed, additional assets are expected to become available for withdrawal.
How much is 1 Ethereum worth in naira today?
About ₦3.15M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $2,279.18. The naira price moves with both ETH's US-dollar price and the USDT/NGN rate; use our Ethereum in naira page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is up 0.45% since this brief first published — trading at $2,279.18 now versus $2,269.01 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Blockonomi, Cointelegraph, Cryptopolitan, CryptoSlate, Decrypt, Crypto.news, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.