CROWDFUNDINSIDER · 2026-11-14 22:08 UTC

Binance Restores Withdrawals Across 87 Networks After $6.3bn Security Breach

Binance has reopened crypto withdrawals across 87 blockchain networks, including Litecoin, Cardano, Stellar, Avalanche, NEAR and Cosmos, as it restores services after a breach with estimated losses of $6.3 billion. Co-CEO Richard Teng said Binance has replenished 95% of the stolen crypto and will cover the remaining losses through its SAFU fund and corporate resources, without passing costs to customers. The exchange is targeting restoration of all remaining networks and assets by the end of next week, and says some withdrawals may still face delays due to network traffic.

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