Binance Sets 48‑Hour Withdrawal Target After Security Overhaul
Current overview (not historical)
Binance announced that it aims to resume withdrawals within 48 hours following a security overhaul that temporarily suspended all withdrawal services while deposits and trading continued normally. The exchange said roughly $6 billion in assets were frozen during the pause and that it would cover any potential losses through its SAFU fund. While the global platform lifted the withdrawal ban, Binance Japan reported that crypto withdrawals remained paused, highlighting a distinction between the global and regional service statuses. The company’s statement underscores its commitment to restoring full functionality while maintaining security safeguards.
Written with AI from the reporting · updated 10/30/2026
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- 1Unclassified fact stationOct 30, 00:00recorded Oct 31, 04:11single sourcerevised
Binance 48-hour withdrawal target after security overhaul
Read original source ↗ CryptoSlateReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- binance
- Action：
- set withdrawal resumption target
- Object：
- withdrawal service
- Occurred (fact side)：
- Oct 30, 00:00
- Published (valid side)：
- Oct 31, 03:50
- First seen (known side)：
- Oct 31, 04:11
Fact stationSingle source · one-sided claimRevisedCopy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.
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- CryptoSlateRelated fact: single sourceSource report revisedBinance Suspends Withdrawals for 48 Hours While Deposits and Trading Continue
Report first recorded Oct 31, 04:11
Binance has halted all crypto withdrawals worldwide, citing a security incident that could affect about $6 billion in assets. Deposits remain open, allowing users to send Bitcoin into the exchange, and trading is still available, though the ability to move funds out is blocked. The exchange has set a 48‑hour target for restoring withdrawal services, but no exact reopening time has been confirmed. Users who wish to move Bitcoin to an external wallet must wait for the withdrawal system to resume and for the blockchain transfer to complete. The pause also limits arbitrage strategies that rely on moving coins off Binance. The situation underscores the importance of understanding which services are operational during a security outage.
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- 10Oct 31, 05:00
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