Binance is gradually resuming partial asset withdrawals on six blockchain networks, including ETH, BSC, BASE, TRX, MATIC, and SUI, as part of its third phase of withdrawal unblocking following a security incident in late October. The exchange announced that approximately 98% of the stolen assets have been replenished, and its proof-of-reserves snapshot now includes 44 tokens.
Withdrawals began today at 12:00 PM Taipei time (UTC+8), with Binance stating that services will be restored in batches as security and readiness checks are completed. Deposit services remain unaffected.
This latest phase focuses on six specific networks. The Ethereum network is seeing the largest number of tokens being restored, with about 36 tokens including UNI, AAVE, and PAXG. BNB Chain follows with approximately 24 tokens, such as ASTER, PROM, and FIL. The BASE network is restoring AERO, VIRTUAL, MORPHO, and AVNT. On the TRON network, JST, SUN, and BTTC are being restored. The MATIC network is restoring GNS, and the SUI network is restoring MMT.
Binance stated that the order of restoration is based on user demand over the past week, prioritizing mainstream currencies first, with smaller assets expected to follow. For holders of major cryptocurrencies like BTC and ETH, withdrawal channels are largely open. The company indicated that the primary challenge currently lies with medium and small-cap tokens that have thinner liquidity and slower over-the-counter replenishment.
This is the third phase of unblocking withdrawals since the security incident. The first phase, initiated on November 1st, involved the resumption of withdrawals on 15 networks, each with a single token. The second phase, which commenced on November 3rd, expanded the restoration to networks such as BSC, ETH, SOL, XRP, TRON, Arbitrum, and Optimism. The current phase marks the first time MATIC and SUI have been listed as separate restoration items.
While Binance has replenished approximately 98% of the assets stolen during the security incident, the exact timeline for the full restoration of all assets on the mentioned networks remains uncertain. The specific security checks and readiness criteria for each network and asset pair are also not fully detailed, and it is unclear when the remaining assets not included in this phase will be made available for withdrawal.
Why This Matters
The materials describe a narrow update: Binance announced the gradual resumption of partial asset withdrawals on six blockchain networks starting at 12:00 PM Taipei time today. The exact timeline for the full restoration of all assets on the mentioned networks.
Broader Context
Source materials place the factual news in this context: This is the third phase of unblocking withdrawals since the security incident in late October.
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