Binance Sets Phased Withdrawals, Says Coverage Reaches 95%

Binance has announced a phased return of withdrawals following its security incident, setting the first rollout for 06:00 to 09:00 UTC on 1st November 2026. The exchange says approximately 95% of the affected amount has now been covered, compared with 90% in its previous recovery update.

The company statement, published at 04:08 UTC, says access will return progressively for selected assets and networks after readiness checks. It does not establish that every listed withdrawal route is already available. Binance directs customers to its withdrawal page or network status page for availability of each asset and network pair.

The initial list includes Bitcoin (BTC), Ethereum (ETH), and several networks supporting stablecoins. Binance says deposits remain open. It warns that the withdrawal rollout may bring delays or longer processing times as traffic increases.

The phase-one list treats each token and network separately. It includes Tether (USDT) on Ethereum, Tron and Solana, while Base is listed for ETH and USD Coin (USDC). Binance says it prioritised tokens using demand over the previous week. That makes the selected network part of the reopening timetable: inclusion of a token on one network does not establish availability on every network that supports it.

The exchange says the remaining 5% consists of tokens outside the ten assets it describes as fully backed. It attributes the slower replacement of these tokens to lower market liquidity and says purchases through markets and private counterparties continue. These coverage figures are Binance's account, rather than an independent financial audit.

Earlier SAFU transfers

The new announcement follows Binance's earlier recovery and funding plan. In its 31st October update, the exchange said its own treasury, part of its futures insurance fund and its Secure Asset Fund for Users (SAFU), an emergency user-protection reserve, were funding asset replacement.

Later that day, the Bitcoin ledger recorded 1 BTC and 7,499 BTC leaving the address Binance identified as SAFU. The transactions sent a combined 7,500 BTC to the same recipient address. Their containing blocks were timestamped 14:45:31 and 14:51:41 UTC respectively. The transfers do not identify the recipient's owner or establish whether the Bitcoin funded replacement purchases or customer payments.

Binance says it will publish a report on the incident when its investigation is complete.