Binance says approximately $6.3 billion in crypto assets was stolen from its hot wallets on October 29 (UTC). Hot wallets are connected to the internet. For users, the practical question is how withdrawal access is being restored.
The initial investigation pointed to a possibly compromised engineer’s laptop. A later update identified additional breach points and reported no evidence that wallet private keys had leaked. The full attack sequence remains under investigation, and a single cause has not been confirmed.
The November 1 update outlines a phased withdrawal plan. Availability varies by asset and network. Check the withdrawal screen for the asset and network you use.
A recovery announcement does not mean every withdrawal is available.
Open the official app directly to check your account. Do not share passwords, authentication codes or recovery phrases in response to messages about recovery. Review your two-factor authentication settings and reject requests you did not initiate.
Photo: Bitquery
