WiretechnologyBrief
HYPE Holders Get a Binance Withdrawal Date, but No Reason for the Wait
Binance plans to reopen HYPE withdrawals by next week after Hyperliquid fans asked why the token was left off its recovery list.
Brief
Binance expects HYPE withdrawals to reopen before next week ends, a date it set on Friday after holders questioned why the token was absent from its recovery list. Until then, HYPE held on the exchange can be sold there but cannot be moved to a private wallet or another platform. The freeze dates to October 29, when Binance reported a security breach affecting roughly $6.3 billion of assets. Binance has since restored withdrawals one asset at a time, ranking them by demand and running security reviews. Hyperliquid Daily, an account that follows the project, argues HYPE passed both tests yet was still left out. Binance gave no reason for the wait, though HYPE runs on Hyperliquid's own blockchain, which the exchange is checking separately.
Why it matters: The delay shows how a staged reopening after a large breach can leave individual holders waiting without a stated explanation.
Read the full story
Mentioned in this story
Open a coin page for its current price.