Binance HYPE Withdrawals Remain Suspended for Eight Days as More Tokens Return

Binance has restored withdrawal functionality for dozens of additional cryptocurrencies, though HYPE remains excluded. Published on November 6, the exchange’s ninth recovery update scheduled services to resume from 04:00 UTC across nine blockchain networks. Marking eight straight days of downtime, Binance HYPE withdrawals continue to be unavailable.

While deposits remain open, Binance has not provided a timeline for when users will be able to transfer HYPE out of the platform.

Binance HYPE withdrawals still excluded from reopening round

The November 6 notice widened the restoration sweep across BNB Smart Chain, Ethereum, Base, Arbitrum, Optimism, Polygon, Avalanche, Tron and Sui, but left HYPE off the roster.

Read More: HYPE Price Faces Whale Selling After 2,200% Gain: Can Demand Hold Up?

As U.Today pointed out, the situation presents an awkward contrast: Hyperliquid stands as the 11th-largest cryptocurrency by market capitalization, yet its withdrawal service on Binance is still deactivated.

This gap creates practical limitations. While holders can deposit HYPE into Binance, they are unable to move their existing balances back off the platform while the restriction remains in place.

Binance says security checks determine withdrawal reopening

Rather than turning on all assets at once, Binance is reinstating withdrawals progressively on an asset-by-asset basis. According to the exchange, each cryptocurrency must successfully clear its own unique security and readiness reviews first.

A recent surge in withdrawal demand has compounded the workload, contributing to slower recovery timelines alongside technical evaluations—though Binance has not tied the delay of HYPE to a specific technical failure.

The exchange also noted that even after a specific asset’s service comes back online, processing times can still experience delays due to heightened demand, technical limits, and additional security checks.

HYPE was not identified among assets stolen in the incident

The restriction continues to draw scrutiny because HYPE was never categorized among the assets lost or compromised during the security incident. On-chain investigator MLM addressed this directly on X, writing: “Everything except HYPE (none of which was lost).”

Members of the Hyperliquid community have questioned why the token is sidelined while other assets return to regular operations. Binance’s stated procedure relies on individual asset checks, and the platform has not claimed that HYPE was either stolen or compromised.

Eight days without withdrawals put Binance’s timeline under scrutiny

By November 6, HYPE withdrawals had been blocked for eight consecutive days. Because Binance has not issued a reopening date, affected customers are left without a firm timeline.

Frustration is mounting among users on X. One user speculated that the suspension might stem from anxiety regarding market behavior once withdrawals are unlocked—though this remains an individual user’s speculation rather than an official statement from Binance.

U.Today valued Hyperliquid’s market capitalization at $18.6 billion and suggested that the exchange limitation alone is unlikely to derail the token’s performance, given the presence of market makers and alternative liquidity options. Nonetheless, prolonged restrictions create uncertainty for customers seeking to transfer holdings to external wallets or alternative platforms.

What Binance’s next recovery update needs to address

Market observers are closely monitoring the next withdrawal announcement to see if HYPE is finally included. Under Binance’s stated framework, resumption depends on completing necessary asset-specific checks, and the exchange’s comments indicate that ongoing operational demand continues to influence the recovery schedule.

A definitive resolution would involve an explicit announcement from Binance officially restoring HYPE withdrawals and marking the exact moment service resumes.

?FAQ

01When did Binance announce its latest withdrawal recovery update?

Binance published its ninth recovery update on November 6. The announcement scheduled additional cryptocurrency withdrawals to begin reopening at 04:00 UTC.

02Which blockchain networks were included in Binance’s recovery update?

The update covered BNB Smart Chain, Ethereum, Base, Arbitrum, Optimism, Polygon, Avalanche, Tron and Sui. These nine networks formed part of the exchange’s broader restoration of withdrawal services.

03Can Binance customers still deposit HYPE?

Yes. Deposits remain available even though HYPE withdrawals are suspended, according to the exchange’s recovery information described by U.Today.

04What happened to HYPE during the security incident?

U.Today reported that HYPE was not among the assets lost or stolen in the incident. On-chain investigator MLM also publicly emphasized that the token was not part of the assets taken.

05Why is Binance restoring withdrawals in stages?

Binance says every asset must pass security and readiness checks before withdrawals reopen. The exchange has also pointed to increased withdrawal demand in recent weeks as a factor affecting its recovery process.

This article is for information only and is not financial advice.