BNB price in focus as Binance restores withdrawals after $6.3 billion hack

Published on 11/02/2026 at 07:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The BNB price remains tied to Binance's phased withdrawal restart after a major security incident. The exchange said it had covered most affected assets, but further network checks and a post-incident report remain pending.

Recovery remains the key test

Binance resumed selected withdrawals in phases on November 1 after the October 29 security incident.
Reuters reported that Binance had covered 95 percent of approximately 6.3 billion US dollars in stolen assets.
Investing.com displayed BNB at 705.30 US dollars when checked on November 2, with a market capitalization of 92.62 billion US dollars.

BNB, XCCRYPTOBNB5, Illustration mit AI erstellt.

The BNB price remains in focus after Binance began restoring customer withdrawals in phases on November 1, following a security incident disclosed on October 29. The reopening provides a practical test of whether confidence in the exchange and its native token can stabilize after the attack.

Withdrawals return in stages

Binance initially restricted withdrawals while it conducted security checks and replenished affected assets. According to Reuters, the first recovery phase was scheduled for November 1 and included BNB alongside bitcoin, ether, Solana, XRP and other tokens. The report said the stolen assets were valued at approximately 6.3 billion US dollars and that the FBI attributed the attack to the North Korean TraderTraitor group.

A separate report by crypto.news said Binance had restored USDT, USDC, ETH and BNB withdrawals on Ethereum and BNB Smart Chain. The report also said Binance had replenished 95 percent of affected assets, while the remaining 5 percent consisted mainly of less-liquid tokens. Binance said the losses would not be passed on to users.

BNB remains below its yearly high

When checked on November 2, Investing.com displayed BNB at 705.30 US dollars. The same page showed a market capitalization of 92.62 billion US dollars, 24-hour volume of 1.05 billion US dollars and a market ranking of four. Its displayed 52-week range was 537.61 to 1,094.89 US dollars. The page also showed BNB down 4.5217 percent over seven days and 35.5858 percent over one year.

BNB market snapshot

Displayed price: 705.30 US dollars
Market capitalization: 92.62 billion US dollars
Circulating supply: 131.51 million BNB
52-week range: 537.61 to 1,094.89 US dollars

What investors should monitor

The withdrawal restart reduces one immediate operational uncertainty, but it does not by itself resolve questions about the breach, asset recovery or longer-term security controls. Binance has said it is preparing a detailed post-incident report. Until that information is available, the BNB price remains exposed to changes in user flows, further withdrawal restrictions and the market's assessment of Binance's response.

More coverage is available on the BNB topic page.