# Binance Shares Reopening Plan for Users Waiting to Withdraw

> In a statement dated October 30, Binance said it aims to gradually resume withdrawals within approximately 34 hours, provided security checks are completed. Binance, which suspended withdrawals following an attack…

**In a statement dated October 30, Binance said it aims to gradually resume withdrawals within approximately 34 hours, provided security checks are completed.**

**Binance**, which suspended withdrawals following an attack targeting its hot wallets, shared its plan for restoring users’ access to their funds. The exchange’s second recovery update said withdrawal services would be restored not all at once, but **in stages**.

The **34-hour target was given as of the update published on October 30**. The process will begin once security checks are complete, and Binance will provide a separate update for each stage as it becomes available.

### Deposits continue as checks are completed for withdrawals

In its update, Binance said that **deposits and other unaffected platform services remain operational**. It said withdrawals had been temporarily suspended to allow for additional security reviews, corrective measures, and verification of the integrity of affected systems.

The company said it had contained the compromised infrastructure, revoked affected authorizations, and implemented additional controls to prevent further unauthorized transactions. The reopening will depend on the progress of this security work.

### November 2 target for reserves report

Alongside the resumption of withdrawals, Binance also shared a timeline for its **proof-of-reserves report**. It said it plans to take an initial snapshot of reserves within 12 hours of the update and have the results ready on **Monday, November 2**. The report is intended to show how the assets on the platform correspond to user balances.

The exchange had previously [announced that it had set aside more than $6.34 billion in company funds to cover the losses](https://koinbulteni.com/en/binance-sets-aside-more-than-6-34-billion-to-cover-losses-buys-missing-tokens-291465.html). In its latest update, it said approximately $5 billion in assets held in the same types of tokens that were stolen covered 80% of the affected amount, while the remaining tokens were purchased on the market and over the counter.

### Additional points of compromise found in investigation

Binance, whose initial investigation into the attack considered the possibility of a compromised laptop, said that its subsequent investigation identified **additional points of compromise**. The company said there was no evidence at that stage that wallet private keys had been leaked.

The technical findings are expected to be disclosed after they have been verified and the company is confident that sharing them will not affect the ongoing investigation. Binance is also preparing a detailed report explaining how the incident occurred and the additional security measures taken.