What happened
Binance confirmed on Saturday that withdrawals for XRP, Bitcoin, Ethereum, Solana and other major assets will go back online on Nov. 1, per a U. Today report published early that morning.
The exchange had suspended outflows after a $6. 3 billion security breach, one of the largest single incidents ever disclosed by a centralized venue if the figure holds. Deposits and trading stayed open during the freeze, which spared order books from a liquidity vacuum but left users unable to pull funds for roughly a week.
Binance says the resumption is possible because its recovery operation returned about 95% of the compromised assets, a claim that puts the unrecovered gap near $315 million. The company has not yet published a technical post-mortem explaining the attack vector, the wallets involved, or who executed the clawback.
Why it matters
A $6. 3 billion loss is a historic number. For context, the 2022 FTX collapse wiped out roughly $8 billion in customer claims, and the 2024 DMM Bitcoin hack sat near $300 million.
If the figure Binance is confirming today holds, this is the largest exchange-level security event on record. The reopening of withdrawals is the single most important signal a venue can send after a breach, because it collapses the gap between what the exchange claims about its reserves and what users can actually move. The last week was effectively a run-risk test.