binance phase two: Withdrawals Widen Across Nine Chains

binance phase two of the post-hack recovery is live: from 04:00 UTC on November 3 the exchange began reopening withdrawals across BNB Smart Chain, Ethereum, Solana, the XRP Ledger, Sui, Arbitrum, Optimism, Tron and Base, rolling out network and token pairs progressively while deposits stay open. Recovery Update #6 is the checklist traders have been waiting for since the first wave on November 1.

What actually happened

Binance posted Security Incident Recovery Update #6 at 02:30 UTC on Tuesday, November 3, and said the new withdrawal wave would start at 04:00 UTC. Exchange.news summarized the official note: assets return progressively once each pair clears readiness checks, deposits remain unaffected, and Binance again says it will bear the financial impact of the stolen funds rather than socialize losses onto users.

The network table is broad. BNB Smart Chain lists dozens of tokens including USD1, FDUSD, BTC, ETH, XRP, SOL and others, plus a note that bSTOCKS withdrawals will open. Ethereum's list includes RLUSD, USD1, ENA, USDE, PENDLE, WLD, ONDO, ETHFI and LINK among many more. Solana covers a long meme-and-DeFi set including PUMP, BONK, WIF and JUP. Shorter entries cover RLUSD on XRPL, USDC and HAEDAL on Sui, CHIP and ANIME on Arbitrum, OP and WCT on Optimism, TUSD on Tron, and several Base assets. Some tickers appear on more than one rail, so the exact pair matters.

This follows phase one on November 1, when major assets restarted in a morning window after the late-October breach we covered in binance 6.3b hack and the first reopen story in binance withdrawals sunday. CoinEdition's November 3 recap said Binance still claims about 95% of affected assets have been replenished, with the rest in lower-liquidity tokens, and that a zero-knowledge proof of reserves for the October 31 snapshot is published.

Why binance phase two matters for flows

A second withdrawal wave changes the outflow math. After phase one, trackers showed multi-billion-dollar net outflows as users tested solvency with their feet. CoinEdition cited DefiLlama figures showing the 24-hour net outflow easing toward about $3.5 billion from an intraday high near $7 billion, with platform assets around $127.8 billion. Those prints move as pairs reopen, so treat them as snapshots, not covenants.

For traders, binance phase two is both a relief valve and a volatility input. More rails open means trapped inventory can leave, which can pressure spot on thin books. It also reduces the "funds stuck" panic premium that dominated weekend chatter. Markets often sell the reopen and buy the proof-of-solvency narrative later — but that is a pattern description, not a trade call.

Cross-chain laundering of stolen funds remains a parallel story. THORChain and bridge flows have already been part of the post-hack tape; see thorchain binance flows. Phase-two logistics at Binance do not freeze attacker wallets. They only restore customer exits on listed pairs.

How to check before you click withdraw

Binance says it is prioritizing tokens by recent user demand and will add more assets as they pass checks. Before moving size, confirm the specific asset and network on the withdrawal page or network-status screen. Temporary delays and longer processing times are expected under traffic. If a withdrawal fails, the official guidance is to wait and retry rather than to accept any "queue jump" offer from strangers.

Scam risk spikes whenever withdrawals reopen. Binance has already warned that it will never ask you to pay to speed a withdrawal, sell your place in line or move funds into a special "vault." Pending status belongs in the official app only. That warning is as operationally important as the token table itself.

Stablecoin notes from the morning: separate Exchange.news items on the same day said Ethereum withdrawals for RLUSD, USD1, TUSD, FDUSD and XUSD were restored around the reopen window, with community timestamps near 04:17 UTC circulating alongside the official progressive rollout. Always verify in-product rather than in screenshots.

What to do as a reader

If you need funds off Binance, treat binance phase two as permission to check readiness — not as a reason to rush under gas spikes. Confirm the pair, send a small test, then move the rest. If you are only watching markets, track whether newly opened rails produce another outflow impulse or whether deposits already offset the move, as later Exchange.news notes claimed hourly deposits exceeding withdrawals after earlier waves.

Read the primary Exchange.news write-up of Update #6 and Binance's own status pages before acting. Nothing here is investment advice. Exchange status can change pair by pair without a new headline.