According to Cointelegraph, Binance has initiated a second phase allowing users to withdraw additional assets from the exchange starting at 04:00 UTC on Tuesday. This follows an initial reopening of withdrawal services on Sunday after security assessments were completed. The exchange indicated that withdrawals will proceed as further security checks conclude, and not all previously restricted assets are available immediately in this phase. Outflows from the platform have remained slow since the reopening.
The second withdrawal phase is part of Binance’s ongoing response to prior operational changes prompted by a record hack. The exchange has been implementing security reviews as it restores functionality for users. While withdrawals are expanding incrementally, the pace reflects continued verification processes rather than immediate full availability of all restricted balances. No timeline for complete restoration was provided in the statement.
