Binance Withdrawals After the Hack: Solana and XRP Paused, Bitcoin and Ethereum Open

Update 01:25 UTC: Binance confirms the hack. Co-founder Yi He wrote at 00:04 UTC that user funds are safe and Binance will cover all hacking losses. Deposits and withdrawals are temporarily suspended while the exchange runs security checks, freezes funds and works with law enforcement. According to on-chain investigator ZachXBT, more than $2.83 billion is now frozen. Before the freezes, the attacker had supplied 60 million USDT to Aave and borrowed 19,762 wETH, about $45 million, against it, as Marc Zeller of the Aave Chan Initiative explains.

User funds are safe. Binance will cover all hacking losses. Deposits and withdrawals are temporarily suspended while our team conducts security checks, freezes funds, and works with law enforcement. We will share a full post-mortem once the investigation is complete. Please rely only on official Binance channels for updates.

Yi He (@heyibinance) October 30, 2026

Can you withdraw from Binance right now? No, not for the time being. Binance co-founder Yi He confirmed at 00:04 UTC on Friday that deposits and withdrawals are temporarily suspended while the exchange runs security checks, freezes funds and works with law enforcement. She also says user funds are safe and Binance will cover all hacking losses. Before that, Binance had already paused withdrawals for Solana, XRP and stablecoins on several networks. The exchange's public status interface still showed Bitcoin and Ether withdrawals as active at 01:16 UTC; Binance's statement is what counts.

Earlier in the evening a Binance hot wallet was drained of about $2.8 billion. Details are in our Binance hack report, the market impact in our crypto crash timeline.

Binance withdrawals: status by network

Measured at 22:32 UTC on the interface Binance uses for its own deposit and withdrawal page. The table shows the most used networks; permanently unsupported routes are left out.

Coin	Network	Withdrawals	Binance note
Bitcoin	Bitcoin	open	none
Ether	Ethereum, Arbitrum, Base, BSC	open	none
Ether	Optimism	paused	wallet maintenance
USDT	Ethereum, Tron, BSC, Arbitrum	open	none
USDT	Solana, Optimism, Avalanche, NEAR	paused	wallet maintenance
USDT	Polygon	paused	hot wallet being refilled
USDC	Ethereum, BSC, Arbitrum, Base	open	none
USDC	Solana, Optimism, Avalanche, NEAR	paused	wallet maintenance
Solana	Solana	paused	wallet maintenance
Solana	BSC	open	none
XRP	XRP Ledger	paused	wallet maintenance
XRP	BSC, Ethereum	open	none
BNB	BNB Smart Chain	open	none

Why are Solana and XRP withdrawals paused?

Binance shows the same sentence for every paused network: the wallet is undergoing maintenance and withdrawals will resume shortly. For USDT on Polygon it says the hot wallet is being replenished. The exchange has not said whether the pauses are linked to the suspected hack. The pattern is striking all the same: mostly networks whose hot wallets can run dry after a wave of withdrawals are paused, while the big routes via Ethereum, Bitcoin and Tron stay open.

Solana and XRP holders have a way out: both coins can still be withdrawn via BNB Smart Chain, XRP also via Ethereum, provided your destination wallet supports that network. What happened to Solana tonight is in our article Solana Crash: SOL falls below $100.

What Binance itself says

So far the exchange only confirms an investigation and explicitly warns of scams: users should not trust unofficial links, messages or requests for account information.

Our teams are aware of reports of a potential security issue and are actively investigating. Our security teams are reviewing all relevant information with urgency, and we will provide updates through official Binance channels as soon as we have verified information. Users should remain cautious of scams and should not trust unofficial links, messages, or requests for account information.

Binance (@binance) October 29, 2026

More on the Binance hack

• Binance hack: how the hot wallet was drained
• Live ticker and timeline: the crypto crash after the hack
• USDT frozen: what Tether and Circle really blocked
• Is this the end? Three scenarios for Bitcoin
• Ethereum: the hacker sits on 195,000 ETH
• Solana below $100: is $80 next?
• BNB crash: another FTT moment?
• The biggest crypto hacks in history
• How to short Bitcoin in the crash
• Why is crypto down today?

How to withdraw your coins safely from Binance

• Pick a network with open withdrawals. For example USDT via Ethereum or Tron instead of Solana. Check first that your wallet supports the network, otherwise the coins are lost.
• Send a small test amount first. Once it arrives, send the rest. It costs one more fee but protects against typos in the address.
• No links from messages. Fake emails and messages promising refunds or a "security check" pile up after hacks. Open Binance only via its own app or a typed address.
• Use your own wallet. What sits on an exchange is controlled by the exchange. Suitable devices are listed in our hardware wallet comparison, licensed exchanges in our comparison of regulated exchanges.

We keep measuring the network status and will update this article as Binance reopens or pauses withdrawals. This article is not investment advice.