Binance to begin gradual restoration of withdrawals on 1 November

Binance to begin gradual restoration of withdrawals on 1 November
Binance to begin gradual restoration of withdrawals on 1 November

Start of service restoration

Cryptocurrency exchange Binance has officially announced that it will begin the phased restoration of withdrawal capabilities on 1 November. The process will start between 06:00 and 09:00 Coordinated Universal Time. The company published the relevant information on its account on the social network X.

Asset priority criteria

Binance management emphasised that the return of functionality will occur gradually. The pace of restoration will depend on the status of security checks and the readiness of the technical infrastructure. In the first stage, priority will be given to cryptocurrencies and networks that demonstrated the highest demand over the past week.

The platform will regularly update the current list of assets available for withdrawal via its official profile on X.

Technical nuances and deposit operations

Binance representatives warn that delays in processing external withdrawal requests may occur in the initial stage due to increased system load. Meanwhile, deposit services continue to operate in normal mode, as they were not affected by the incident related to the hack.

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