The digital asset community on X is closely tracking developments concerning Binance, as the exchange navigates the aftermath of a security incident. Reports indicate a phased restoration of withdrawal services, coinciding with substantial fund transfers from the platform. provided an update on the situation, stating, "UPDATE: Binance plans to resume withdrawals in phases on November 1 after covering approximately 95% of the funds stolen in its security incident."
Shortly thereafter, Binance CEO confirmed the restoration of withdrawal capabilities for specific assets, posting, "Withdrawals restored for: - Ethereum: USDC, USDT, ETH - BNB Smart Chain (BSC): USDC, USDT, BNB."
Concurrently, consistently reported numerous large-scale transfers originating from Binance. These included significant movements of stablecoins and Bitcoin. One alert detailed, " 300,000,000 $USDT (299,853,000 USD) transferred from #Binance to unknown wallet." Another report highlighted, " 2,000 $BTC (155,939,773 USD) transferred from #Binance to unknown wallet." Further large-value transfers were noted, such as " 100,000,000 $USDC (100,037,106 USD) transferred from #Binance to unknown wallet," indicating substantial capital movements from the exchange to various unknown wallets as services resume.
