--- title: "Binance begins phased crypto withdrawals, starting with bitcoin, after $6.3 billion hack" description: "Binance has reopened customer withdrawals in phases following a record $6.3 billion exploit, with bitcoin leading the first phase, CoinDesk reported.…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-binance-opens-crypto-withdrawals-phases-1c16d45c22e9eb" published: 2026-11-01T10:37:57.000Z updated: 2026-11-01T11:38:01.000Z indexable: true --- # Binance begins phased crypto withdrawals, starting with bitcoin, after $6.3 billion hack Binance has reopened customer withdrawals in phases following a record $6.3 billion exploit, with bitcoin leading the first phase, CoinDesk reported.… Attributed sources: [CoinDesk]() ## Key facts Binance has reopened customer withdrawals in phases following a record $6.3 billion exploit, with bitcoin leading the first phase, CoinDesk reported. Evidence strength: Single source, 1 publisher group(s) (CoinDesk). After site detection, observed returns were 5 minutes: -0.02% (Nov 1, 2026, 10:37 → Nov 1, 2026, 10:42, UTC; Gate · USDT); 1 hour: -0.16% (Nov 1, 2026, 10:37 → Nov 1, 2026, 11:37, UTC; Gate · USDT) In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.23% (OKX · USDT; cutoff Nov 1, 2026, 10:37, UTC). ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | -0.02% | -0.02% | 0.00 pts | Nov 1, 2026, 10:37 → Nov 1, 2026, 10:42 | Gate · USDT | | 1 hour | -0.16% | -0.16% | 0.00 pts | Nov 1, 2026, 10:37 → Nov 1, 2026, 11:37 | Gate · USDT | ## Historical hourly baseline | Metric | Value | | --- | --- | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.14% | | 99th percentile of absolute hourly returns | 1.23% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / Nov 1, 2026, 10:37 | ## Claims and open questions - CoinDesk reported that Binance reopened customer withdrawals in phases following a record $6.3 billion exploit. - CoinDesk reported that bitcoin leads the first phase of the reopened withdrawals. - Which assets and which customer groups are included in each subsequent withdrawal phase, and on what schedule, would be confirmed by a Binance withdrawal notice. - Whether withdrawal limits apply during the phased reopening and at what levels would be confirmed by an official Binance statement. ## Source evidence - [Binance opens crypto withdrawals in phases starting with bitcoin following $6.3 billion hack]() — CoinDesk; published Nov 1, 2026, 10:35; received Nov 1, 2026, 10:37 (UTC). ## Recent BTC events and market reactions - [Strive CEO says Binance hack hasn't changed his long-term Bitcoin case]() — Published Oct 31, 2026, 15:26 (UTC) · Single source (1 publisher) · Security · 5m +0.09% / 1h +0.13% - [Nasdaq-listed Next Technology authorizes sale of up to $450 million in bitcoin]() — Published Oct 31, 2026, 12:49 (UTC) · Single source (1 publisher) · Security · 5m -0.02% / 1h +0.04% - [Wall Street analysts call Binance hack a buying opportunity for crypto stocks]() — Published Oct 30, 2026, 20:06 (UTC) · Single source (1 publisher) · Security · 5m +0.06% / 1h -0.35% / 24h +0.90% - [Binance confirms record $6.4 billion hack as Bitcoin holds steadier than in 2018]() — Published Oct 30, 2026, 18:45 (UTC) · Single source (1 publisher) · Security · 5m -0.13% / 1h +0.13% / 24h +1.31% - [SEC charges two companies over $130 million crypto investment scheme]() — Published Oct 30, 2026, 14:38 (UTC) · Single source (1 publisher) · Regulation · 5m +0.00% / 1h +0.78% / 24h +0.70% - [Full coin archive]() ## Research for this archive - [Crypto hacks and price impact: Bybit and Cetus case studies]() - [Why is crypto moving? How to check the evidence behind a price explanation]() - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Will Bitcoin go back up? Every crash since 2011 and its recovery time]() Evidence levels describe source coverage, not the probability that a report is true. Price moves and their timing cannot establish a cause; minute samples show an observed interval and alert thresholds are heuristics. Explanations are model-assisted, with citations and figures checked. Source titles stay in their original language; full articles are not republished. [Methods and limitations]()