As of 30 October 2026, the clearest public guidance on withdrawals comes from Binance co-CEO Yi He, who said she expects withdrawal resumption to begin within the next 48 hours. That is an expectation, not a confirmed timetable, and readers should check official Binance channels for the actual announcement rather than treating any single time as certain.

The pause followed a security breach on 29 October 2026, when Binance, the world's largest crypto exchange, suffered an incident with an estimated impact of about $6.3 billion. Deposits and withdrawals were suspended as a precaution after the breach. Because the figures are still preliminary estimates and the investigation is ongoing, the timeline for reopening may move if new problems are found.

There is one point of confusion in early reporting that deserves an honest note. Some reports have said deposits were unaffected, while the precautionary suspension described by Binance covered deposits and withdrawals. This article does not present either version as certain, because the public record contains both, and only an official Binance update can settle what was suspended and when each service returns.

A 48-hour expectation also needs context. Resuming withdrawals after a breach of this size is not simply a matter of switching a service back on. Binance would need to be satisfied that the route used by the attacker is closed, that its systems can process withdrawals safely, and that its balances and controls are in order. If any of those checks raise a concern, a delay would be understandable, even if it frustrates users waiting for access.

The preliminary investigation has suggested that a compromised DevOps engineer's laptop may have allowed an attacker to access a service container and submit unauthorised withdrawal transactions. No evidence of a wallet private key leak has been found in the preliminary findings. That early picture helps explain why the precautionary pause was taken, but it does not by itself give a reopening date.

Separately, about $3 billion has been frozen so far, including $2.3 billion in USDT and USDC. Freezing funds is a different process from reopening withdrawals: frozen assets are stopped from moving further, while resumption depends on Binance's own systems being judged safe. The frozen total therefore does not tell users exactly when normal withdrawals will return.

Yi He has also said all losses will be covered from company funds and the SAFU emergency fund, and that user funds are safe. That assurance is about covering losses, not about the withdrawal timetable, and the two should not be mixed up. A user waiting for a withdrawal needs a service update, while a user worried about losses needs the coverage statement, and both come from official Binance channels.

For now, the practical position is simple. The only stated expectation is resumption beginning within 48 hours, as given by Yi He. No exact day or hour has been confirmed in the facts available for this article, and any timetable shared outside official Binance channels should be treated with caution. The investigation is ongoing and figures are preliminary estimates.

FAQ: When will Binance withdrawals resume? Yi He said she expects resumption to begin within the next 48 hours, but no exact time is confirmed. Were deposits also suspended? Binance described a precautionary suspension of deposits and withdrawals, though some reports said deposits were unaffected, so this discrepancy is noted honestly here. Where should users check for updates? Official Binance channels, rather than rumours or unofficial timetables.