Binance restores HYPE and APT withdrawals after October breach

What happened

Binance has re-enabled withdrawals for Hyperliquid (HYPE) and Aptos (APT), the exchange announced, adding two more assets to a recovery process that began after a security breach on October 29. The reopening was confirmed by co-founder and president Yi He, according to U.Today, which reported that the move followed completion of an audit.

The two tokens join a list of assets restored in stages over the preceding week. Binance previously reopened withdrawals for Bitcoin and selected assets across 15 blockchain networks on November 1, then expanded to Ethereum and Solana tokens on November 3, Crypto.news reported. Stablecoins including RLUSD, USD1, TUSD, FDUSD and XUSD were among the first Ethereum-based assets restored, followed by tokens such as Chainlink (LINK), Shiba Inu (SHIB), Ondo (ONDO), Pendle (PENDLE), Worldcoin (WLD) and Ethena (ENA). On Solana, withdrawals resumed for BONK, Jupiter (JUP), Render (RENDER), Raydium (RAY), dogwifhat (WIF), Official Trump (TRUMP) and Pyth Network (PYTH).

Binance said in its November 3 announcement that it would continue restoring additional assets and networks in phases as security checks are completed. The exchange has maintained that availability depends on the selected asset and its blockchain network, meaning the return of one token does not indicate that every withdrawal route has normalized.

A November 6 recovery notice had targeted HYPE, APT, INJ, PLASMA, NEAR and LTC for reopening by the end of the following week. The latest update confirms HYPE and APT but does not state whether the other four have completed their checks. Binance has not published a complete list of remaining restrictions and directs customers to official announcements for updates.

Why it matters

The restoration of HYPE is notable because Hyperliquid holders waited longer than users of other assets, a delay that drew complaints from the project's community, according to U.Today. HYPE runs on its own Layer-1 network, HyperEVM, and auditing a custom blockchain architecture after a major breach takes more time than checking standard EVM or Solana-based assets. The reopening signals that client obligations are being prioritized as the exchange works through its backlog.

For traders, the staged approach means withdrawal access remains uneven across assets more than a week after the attack. Binance has said it will prioritize assets according to customer demand while examining individual networks and wallet infrastructure, so the pace of restoration may vary by token and chain.

What the data shows

Market data cited by Crypto.news showed HYPE trading near $77.12 on November 8, down about 2.47% over 24 hours and roughly 11.98% over seven days, with daily volume around $456 million. APT traded near $0.5944, down about 1.16% on the day and 6.8% over the week, with 24-hour volume close to $17.1 million. The available data does not establish a direct link between the price moves and the withdrawal decision.

Background

The October 29 cyberattack forced Binance to suspend cryptocurrency withdrawals while it investigated compromised systems and restored access to customer funds. U.Today, citing the FBI and Chainalysis, reported that the North Korean group TraderTraitor was linked to the incident, which drained hot wallets of about $6.3 billion in roughly 20 minutes. Crypto.news reported the same $6.3 billion figure.

Binance has said it would cover customer losses using corporate resources and its Secure Asset Fund for Users, and has committed to restoring the emergency fund to approximately $1 billion after drawing on reserves. The exchange said it had replenished about 95% of affected assets before beginning reopenings on November 1. It completed reserve verification for ten cryptocurrencies on November 2, covering BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC.

What is still unclear

Binance has not disclosed a complete schedule for restoring all supported assets and networks, and its latest notice does not confirm the status of INJ, PLASMA, NEAR and LTC from the November 6 list. Crypto.news said it contacted Binance for clarification on outstanding restrictions, the expected full restoration timeline and withdrawal activity after the HYPE and APT reopening, but had not received a response by publication time.

What to watch

Further updates are expected through official Binance channels as additional security checks conclude. The status of the four other assets named in the November 6 notice, and any change in withdrawal activity following the HYPE and APT reopening, will indicate how quickly the exchange completes its recovery.

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