Binance Resumes Bitcoin and Ether Withdrawals Following Major Theft Recovery
Binance has resumed Bitcoin and Ether withdrawals after securing the majority of funds lost in a $6.3 billion theft.
Bend, OR, November 1, 2026 — Binance, a major cryptocurrency exchange, has announced the resumption of Bitcoin (BTC) and Ether (ETH) withdrawals for its users. This action follows an incident where the company reported a significant theft of digital assets.
The exchange stated that the majority of funds lost in the theft have been recovered, enabling the restoration of withdrawal services for these two prominent cryptocurrencies. The total value of the stolen funds was reported to be approximately $6.3 billion.
Specific details regarding the timeline of the theft, the period during which withdrawals were halted, or the exact date and time of the resumption of services were not immediately provided. Information regarding the methods used to recover the majority of the lost funds was also not disclosed in the announcement.
The company indicated that the recovery efforts were successful in securing the bulk of the assets. Further updates are expected regarding the comprehensive resolution of the incident. The resumption of withdrawals is a critical step for user confidence and operational continuity on the platform.
Story summarized from the original created by By Shubham Kalia on www.centraloregondaily.com, see more information here.
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