Binance opens crypto withdrawals in phases starting with bitcoin following $6.3 billion hack
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Binance has reopened customer withdrawals in phases, beginning with bitcoin, following a record $6.3 billion exploit. The phased approach prioritizes bitcoin in the initial wave, with additional assets expected to follow as the exchange restores full operational capacity. The hack, which drained roughly $6.3 billion in customer funds, ranks among the largest exploits in crypto history and prompted the exchange to halt outbound transfers while it assessed the damage and reinforced security. The resumption of withdrawals is a critical step toward restoring user confidence and liquidity across the exchange, which remains one of the world's largest by trading volume. Market participants will be watching the pace of subsequent withdrawal phases, whether outflows accelerate once more tokens are unlocked, and any further disclosures from Binance on the exploit's root cause and fund recovery efforts.
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