BNB price steadies as Binance rebuilds withdrawal access after hack
Published on 11/09/2026 at 13:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSBinance recovery remains central
- Binance said a security incident involving approximately 6.3 billion US dollars in token assets occurred on October 29.
- The exchange has restored withdrawals in phases, including for BNB on BNB Smart Chain.
- Investing.com showed BNB at 681.40 US dollars in the November 9 reading, with a market capitalization of 89.33 billion US dollars.
The BNB price remains closely watched as Binance works through the operational and security consequences of an October attack. Binance said unauthorized withdrawals from its hot wallets on October 29 resulted in losses of approximately 6.3 billion US dollars in token assets. The incident date is separate from the later restoration of services and from the November 9 market reading.
Security incident and asset coverage
In its Security Incident Update #2, Binance said the hot-wallet compromise occurred at approximately 20:05 UTC on October 29. The company said it had set aside more than 6.34 billion US dollars in corporate funds, including 5 billion US dollars in the affected tokens, and that approximately 3 billion US dollars had been frozen on-chain at the time of the update. Binance also said it would cover the financial impact through its Secure Asset Fund for Users and corporate funds.
The company initially suspended withdrawals while it reviewed its systems. It said the investigation was ongoing and that it had found no evidence that wallet private keys were leaked. Those statements describe Binance's position and should not be treated as a final technical finding.
Withdrawals return in phases
Binance subsequently reopened withdrawal services in stages. CNBC reported that withdrawals were restored for Bitcoin first and later for Ethereum and BNB Smart Chain. The report also said Binance stated that the major assets, including BNB, were fully backed, while the exchange continued sourcing the remaining affected tokens. The phased process means availability can depend on the specific token and network rather than applying uniformly across the platform.
Market data and investor context
The Investing.com BNB/USD page showed a price of 681.40 US dollars at 12:00:03 Berlin time in the reading accessed on November 9. It listed a 24-hour volume of 1.54 billion US dollars, a market capitalization of 89.33 billion US dollars, a rank of four and 131.51 million BNB in circulation. The displayed 52-week range was 537.60 to 1,018.40 US dollars. These figures are a source snapshot, not a verified UTC day-close comparison.
For investors tracking BNB price, the key near-term issue is the progress of Binance's recovery rather than a standalone intraday move. Withdrawal restoration may reduce an operational constraint, but the incident, continuing investigation and phased service status remain material risks. The BNB topic page provides the latest related coverage.
