Binance Reopens HYPE and APT Withdrawals, Four of Six Still Pending

Binance reopened withdrawals for Hyperliquid's HYPE and Aptos' APT tokens at 3:52 a.m. ET Sunday, the exchange said in a post on X, ten days after the Oct. 29 theft of about $6.3 billion.

Those are two of the six tokens Binance named on Friday. In a Nov. 6 post, it said it was working to reopen HYPE, INJ, APT, PLASMA, NEAR and LTC "by end of next week," along with every token on networks already restored, including BSC, Ethereum, Arbitrum and Optimism.

Four named tokens are still waiting

Sunday's update lists HYPE and APT as new. It doesn't mention INJ, PLASMA, NEAR or LTC, and Binance hasn't given a date for them beyond Friday's target.

How does a withdrawal reopen one token at a time? When a customer withdraws, the exchange sends coins from its own wallets onto a specific blockchain. Each network has its own wallets, addresses and signing setup, so each route has to be checked separately before money moves again. That's why Binance's updates list assets network by network (five Ethereum stablecoins, including RLUSD and USD1, came back earlier).

The money behind the restart

Binance's Recovery Update #7 on Nov. 4 said 98% of the stolen assets were covered and came with an expanded proof-of-reserves snapshot. That is a published tally of what the exchange holds against what customers are owed at a single moment. Binance has said users won't bear the losses.

The FBI has blamed a North Korean hacking group for the attack, an allegation Pyongyang has denied, Reuters reported.

HYPE was at $76.86 at 12:02 p.m. ET, down 0.6% in 24 hours, and APT was at $0.58, down 2.9%, per CoinGecko.

In our opinion: the count that matters now is four. Binance set its own deadline on Friday for INJ, PLASMA, NEAR and LTC, so the end of this coming week is the date to check. Customers holding those tokens on the exchange are still waiting on the one service a reserve snapshot can't replace: getting their coins out.