Binance reopens HYPE withdrawals after $6.3B hack

What happened

Binance, the largest centralised exchange, posted a “Latest Withdrawal Update” on X on 8 November 2026 listing HYPE and APT as newly re-enabled for withdrawal. HYPE is the native token of Hyperliquid, the trading-focused blockchain this site covers.

Binance suspended withdrawals across the exchange after a breach of its hot wallets (the internet-connected wallets an exchange uses to pay out withdrawals) on 29 October. TechCrunch reported the pause the same day. Most coverage puts the loss at about $6.3 billion; one U.Today headline uses $6.4 billion. Blockchain analytics firms TRM Labs and Chainalysis have attributed the theft to TraderTraitor, a North Korean hacking group; Binance has not named a culprit.

Binance has been reopening withdrawals in stages since 1 November, starting with Bitcoin and later stablecoins and dozens of Ethereum and Solana tokens. On 6 November, The Crypto Times reported that HYPE was still missing from the restored list, which drew complaints from holders who could not move tokens off the exchange.

What is still unclear

Binance’s post names “HYPE” without saying which network the withdrawal uses. HYPE exists both on HyperCore (Hyperliquid’s trading layer) and HyperEVM (its smart-contract chain, chain ID 999), and crypto.news notes that on Binance, withdrawal availability depends on both the asset and the network. Check the network on Binance’s withdrawal screen and send a small test amount first. A withdrawal sent to the wrong network or address may not be recoverable. Binance has not published a full list of assets that remain restricted.

What it means for traders

Holders who want HYPE in their own wallet, or on Hyperliquid itself for staking or trading, can again move it off Binance. Our markets pages show live prices, and Learn explains HyperCore and HyperEVM.

Hyperliquid’s terms restrict users in the United States, Ontario and other places, regardless of where the HYPE comes from.