Binance has moved to restore normal operations after disclosing a $6.3 billion cyberattack, announcing that withdrawals have resumed and that it has expanded fiat withdrawal support to 28 currencies.
According to Binance, in the first nine hours after withdrawals reopened, the platform processed approximately $4.6 billion in withdrawals and $1 billion in deposits, resulting in a net capital outflow of around $3.64 billion. The exchange said 95% of the losses from the attack were covered by its own resources. Large cryptocurrency balances including Bitcoin, Ethereum, and BNB were fully restored, while the remaining 5% consisted of less liquid tokens. Binance added that it will continue direct market purchases and use over-the-counter trading channels to replenish missing cryptocurrencies.
The exchange also referenced reserve data as of October 28, stating that the attack-related loss corresponded to approximately 2.1% of its total assets of $171 billion. Withdrawal volumes peaked in the initial hours and then decreased, which Binance described as stabilizing as expected, while deposit volumes remained at a significant level.
Alongside the recovery, Binance expanded its fiat withdrawal options. The newly supported currencies include USD, AED, VND, PHP, IDR, JPY, EUR, CHF, BRL, MXN, and others, bringing the total to 28 fiat currencies. The exchange said the move is intended to lower transaction fees and allow users to avoid conversion charges that can reach up to 3%, improving access to crypto and the ability to move local currency off the platform.
