Scott Melker, host of The Wolf Of All Streets podcast, posted on X on Friday, October 30, 2026, at 04:21:00 UTC, relaying a critical update from Binance. Melker stated, "BINANCE CO-FOUNDER YI HE SAYS BINANCE EXPECTS TO BEGIN RESUMING WITHDRAWALS IN THE NEXT 48 HOURS, WITH DEPOSITS STILL OPERATING AS NORMAL." This announcement provides a timeline for the potential restoration of full services at the major digital asset exchange.
The statement comes amidst recent turbulence for Binance, which was reportedly hit by an apparent hack. This incident led to Tether and Circle freezing $1.79 billion in stablecoins, as detailed in recent Gokhshtein Media coverage. The operational disruption caused significant concern among users and market participants, raising questions about the security and reliability of centralized digital asset platforms. Withdrawal halts can severely impact user access to funds and market liquidity, contributing to heightened volatility.
The expectation of resumed withdrawals within the next two days implies a potential stabilization of Binance's operations following the reported security incident. This development could help restore user confidence and alleviate some of the market anxiety surrounding the exchange, which is one of the largest globally by trading volume. Observers will be closely monitoring for official confirmation of the resumption and any further details regarding the incident's resolution, as a smooth restart is crucial for broader digital asset market stability.
