As of 30 Oct 2026, there is no confirmed reopening time for Binance withdrawals, only an expectation stated by the company. Binance co-CEO Yi He said she expects withdrawal resumption to begin within the next 48 hours following the security breach on 29 Oct 2026. Until Binance itself publishes a confirmed update, that expectation should not be read as a fixed timetable.

Withdrawals, along with deposits, were suspended as a precaution after the breach. The pause was presented as a protective step while the incident was assessed, not as a statement that all user funds had been lost. Yi He has said user funds are safe and that all losses will be covered from company funds plus the SAFU emergency fund.

The scale of the incident helps explain why a precautionary pause was taken. The estimated impact is about $6.3 billion, making it the largest crypto theft on record if the preliminary figure holds, ahead of Bybit's $1.5 billion loss in 2025. Figures at this stage remain preliminary estimates, and the investigation is ongoing.

The preliminary investigation describes a compromised DevOps engineer's laptop that may have allowed an attacker to access a service container and submit unauthorised withdrawal transactions. No evidence of a wallet private key leak has been found at the preliminary stage. That sequence, if confirmed, would be directly relevant to how withdrawal systems are checked before they reopen.

A further reported detail involves a wallet called Binance 14, listed in Binance's 1 Oct proof of reserves. Reports say the attacker used the Ethereum feature EIP-7702 on that wallet, turning it into a sweeper, and about 204,500 ETH moved. ETH backing fell to near 94 percent from 100 percent on 1 Oct.

There is an honest discrepancy in reporting that readers should know about. While one account describes deposits and withdrawals as suspended, some reports say deposits were unaffected. The available facts do not resolve that difference with certainty, so the current deposit and withdrawal status should be checked through official Binance channels.

Freezing and recovery work is also continuing in parallel. About $3 billion has been frozen so far, including $2.3 billion in USDT and USDC. Tether froze more than $1.567 billion in USDT, Circle froze about $823 million in USDC, Ripple froze about $200 million, and World Liberty Financial froze $27 million in USD1.

Attribution remains an investigators' claim rather than a court finding. TRM Labs traced the incident to the North Korean unit TraderTraitor, and other trackers also pointed to North Korea, while Pyongyang has previously denied hacking allegations. The next proof-of-reserves snapshot, due on 1 November 2026, will show whether stolen assets were replaced, and market moves so far include Bitcoin below $77,000 and more than $1 billion in leveraged positions liquidated in 24 hours.

FAQ: When will Binance withdrawals resume? Yi He said she expects resumption to begin within the next 48 hours, but no confirmed time has been published. Why were withdrawals suspended? They were suspended as a precaution after the 29 Oct breach. Where should users check the latest status? Official Binance channels are the source to rely on for withdrawal updates.