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

Are Binance withdrawals working after the suspected hack? For most coins, yes. According to the exchange's public status interface, at 22:32 UTC on Thursday withdrawals were open for Bitcoin, Ether, USDT and USDC on Ethereum, and USDT also on Tron, BSC and Arbitrum. Paused were Solana, XRP on the XRP Ledger, and USDT and USDC on Solana, Optimism, Avalanche and NEAR, with USDT also paused on Polygon. Binance cites wallet maintenance. The general system status was normal.

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 AI-generated illustration

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Solana and XRP holders have a way out: both coins can still be withdrawn via BNB Smart Chain, XRP also via Ethereum, provided your destination wallet supports that network.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

AI-generated illustration

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.