Binance said on Saturday it aims to reopen withdrawals for all remaining networks and assets by the end of next week, as operations normalise at the world’s biggest cryptocurrency exchange after the security breach linked to North Korea that saw $6.3 billion stolen from the platform last month.
“This week, we reopened withdrawals for 87 networks. We will aim to reopen withdrawals for all remaining networks and assets by the end of next week,” the company said in a post on X.
Binance resumed withdrawals in phases earlier this month, after covering 95 per cent of the tokens stolen in what experts describe as the largest cryptocurrency theft ever. The phased return marked the first step back towards normal service for an exchange that handles a large share of global crypto trading, but many users have been waiting weeks to move some assets off the platform.
The FBI and Binance have said North Korea was responsible for the hack, though Pyongyang has denied it. Blockchain investigation firms have attributed the theft to a North Korean group known as TraderTraitor. No group has claimed responsibility, and the attribution rests on the FBI’s and Binance’s statements and the blockchain firms’ analysis.
In its initial report on how the hackers pulled off the heist, Binance detailed a multi-stage operation that began in June and set off a series of security breaches culminating in the theft on 29 October. The episode has underlined the vulnerability of digital assets to attack and raised questions about the impact of the hack on Binance, which has vowed to repay customers in full.
The fallout has also reached the company’s leadership. Finance chief Kaiser Ng left Binance just over a week after the heist to pursue a new venture after more than five years at the company. He was replaced by longtime finance executive Justin Yek, who was most recently vice-president of finance at Airwallex.
For Binance, the full reopening of withdrawals would close the most visible chapter of the crisis. The exchange’s ability to restore normal service without losing customers will be closely watched across the crypto industry, where confidence in the safety of large centralised platforms has been shaken by the scale of the theft.
Sources: Reuters — “Binance targets full reopening of withdrawals by next week”, 14 November 2026 (https://www.reuters.com/legal/government/binance-targets-full-reopening-withdrawals-by-next-week-2026-11-14/). Note: this account rests on Reuters’ report of Binance’s own statement; the attribution of the hack to North Korea is as stated by the FBI and Binance, and Pyongyang denies it.
