Exchanges

Binance reopens HYPE and APT withdrawals ahead of its own target

Withdrawals of INJ, PLASMA, NEAR, and LTC are next on the list. Binance has not published a complete list of the assets that remain restricted in its latest notice, crypto.news noted.

Binance restored withdrawals of Hyperliquid's HYPE and Aptos' APT tokens on November 8, according to a post by the exchange quoted by Bitcoin.com News and CoinCentral, as it continued to reopen networks one by one after the October 29 hack.

What has reopened so far

Binance began reopening withdrawals on November 1, starting with the Bitcoin network. Since then it has added, according to crypto.news:

  • Five stablecoins on Ethereum: RLUSD, USD1, TUSD, FDUSD, and XUSD.
  • A range of Ethereum and Solana tokens, including LINK, SHIB, and ONDO on Ethereum and BONK and JUP on Solana.
  • HYPE and APT on November 8.

Binance said it had completed a zero-knowledge proof-of-reserves check on November 2 for ten cryptocurrencies (BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC) and that it plans to rebuild its Secure Asset Fund for Users (SAFU) to about $1 billion after drawing on it to cover the losses, crypto.news reported.

"We will continue to restore additional assets and networks in phases following the completion of our security checks," Binance said in a November 3 post on X, crypto.news reported.

What is still pending

Binance's November 6 announcement targeted HYPE, APT, INJ, PLASMA, NEAR, and LTC for reopening by the end of the following week, without an exact date, according to CryptoTicker. HYPE and APT came back ahead of that target, Bitcoin.com News reported. Binance has not published a complete list of outstanding restrictions in its latest notice, crypto.news noted.

What it could mean for traders

When a token cannot be withdrawn from one large venue, its price there can drift away from the price on other exchanges, because arbitrage traders cannot move the token freely. Those gaps can narrow once withdrawals reopen. For tokens still restricted, Binance's network status page is the reference.

Sources

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This article is for information only and is not financial advice. Crypto assets and leveraged products are volatile and you can lose money. Do your own research and consider your circumstances before trading.

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