Binance Reopens Bitcoin Withdrawals in First Phase After $6.3 Billion Hack

Binance has begun restoring user withdrawals, starting with the Bitcoin network. The exchange froze withdrawals after Thursday’s attack, which the FBI has blamed on North Korean operatives and which drained about $6.3 billion in funds. In a post on X, Binance said the first network opened in phase one is Bitcoin, marking the first step in bringing services back.

How the Phased Withdrawal Rollout Works

Earlier on Sunday, the exchange explained that withdrawals would return in stages and become available gradually. Tokens are being prioritised based on user demand over the past week, so each network and asset pair can be restored carefully, with stability and security checks finished before access reopens. Binance said it will share updates on its official X channel.

What Users Should Expect

People wanting to withdraw should check the withdrawal page for their chosen asset and network, or look at the Binance network status page to confirm what is available. The company warned that congestion, slower processing and temporary delays are likely during the rollout. If a withdrawal fails, users are advised to wait a short while and try again.