Binance restores withdrawals for more Ethereum, Solana tokens after $6.3B hack - Crypto News
Binance has restored withdrawals for 51 additional tokens across Ethereum and Solana as the exchange continues reopening services following the $6.3 billion hack on October 29.
The cryptocurrency exchange resumed withdrawals for dozens of additional tokens on November 3, following an earlier update that restored access to five stablecoins on Ethereum. This brings the total number of assets restored on Ethereum to 36, with 31 additional assets now available on Ethereum and 20 on Solana.
Binance first resumed withdrawals for Bitcoin and several other cryptocurrencies across 15 blockchain networks on November 1. The exchange has been reopening services in phases based on user demand and security checks, with additional assets planned across BNB Smart Chain, XRP Ledger, Sui and other networks.
Latest Restored Assets
On Ethereum, withdrawals have resumed for Ethena (ENA), Ethena USDe (USDE), Pendle (PENDLE), Worldcoin (WLD), Chainlink (LINK), Shiba Inu (SHIB), Ondo (ONDO) and Quant (QNT). Other supported assets include ZRO, FET, ETHFI, REZ, JASMY, STRK, POL, BLUR, WBETH and several smaller cryptocurrencies.
On Solana, users can now withdraw tokens including PUMP, RENDER, RAY, TRUMP, PENGU, JUP, PYTH, BONK, WIF and JTO. The list includes USDT, FDUSD and other Solana-based assets.
Recovery Progress
Binance has replenished approximately 95% of the $6.3 billion in cryptocurrencies stolen during the October 29 hack by November 1, up from 90% on October 31 and 80% on October 30. The exchange has used its Secure Asset Fund for Users, Futures Insurance Fund and corporate treasury resources to finance the purchases.
The exchange was prioritizing the security of its operating environment before restoring normal access to customer funds.
Remaining Assets and Timeline
The remaining 5% consists of less liquid cryptocurrencies that are taking longer to purchase in the quantities needed to replace the stolen holdings. Binance has committed to absorb these losses without passing them on to customers and plans to restore its SAFU emergency reserve to approximately $1 billion after drawing on the fund during the recovery.
Binance has not announced a fixed completion time for the remaining cryptocurrencies. The exchange said it was prioritizing tokens based on withdrawal demand over the previous week, while individual network and asset combinations must pass separate security and operational checks before becoming available.
The company plans to take another Proof of Reserves snapshot on November 4, covering more cryptocurrencies than the ten included in its October 31 verification. Generating the accompanying cryptographic proof is expected to take approximately 40 to 50 hours, according to its November 2 recovery update.
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