BNB price steadies as Binance reopens withdrawals after security incident
Published on 11/04/2026 at 18:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSRecovery remains the key BNB driver
- Binance has restored BNB withdrawals on BNB Smart Chain and says it has replenished approximately 95% of assets affected by the October 29 security incident.
- BNB closed at 697.45 US dollars on November 3 in CoinGecko's UTC data; Investing.com later displayed 703.00 US dollars on its live page.
- The phased reopening reduces immediate liquidity concerns, but remaining security checks and customer confidence remain important risks for BNB investors.
BNB price remains closely linked to Binance's recovery after the exchange suffered a major security incident on October 29. Binance has reopened selected withdrawal routes, but the restoration is still being carried out in phases while security checks continue.
Withdrawals return in stages
According to crypto.news, Binance restored USDT, USDC, ETH and BNB withdrawals on Ethereum and BNB Smart Chain on November 1. The move followed the reported theft of approximately 6.3 billion US dollars on October 29 and nearly three days of withdrawal restrictions.
Binance said it had replenished approximately 95% of the affected assets, with the remaining 5% still awaiting replacement. The company also said that BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC balances were fully backed. These statements address immediate concerns about customer funds, but they do not remove the operational and reputational risks associated with the incident.
BNB price and UTC comparison
Investing.com displayed BNB at 703.00 US dollars at 09:45:01 Berlin time on the page read on November 4. The page also showed a market capitalization of 92.55 billion US dollars, 24-hour volume of 1.42 billion US dollars, rank four and 131.51 million BNB in circulation. Because the page did not provide a dated historical tick for the publication window, the quote should be read as the displayed market snapshot rather than as an evening closing price.
For the required daily comparison, CoinGecko's UTC data records a November 3 close of 697.45 US dollars. The 703.00 US dollar Investing.com snapshot is 0.80% above that reference. This is below the 5% threshold at which the price movement alone would qualify as the main story, so the withdrawal recovery remains the more relevant investor focus.
What investors should monitor
The next signals are the speed of further withdrawal restoration, Binance's detailed post-incident report and evidence that customer confidence is stabilizing. BNB has direct utility within the Binance ecosystem, which creates both demand potential and concentration risk. A restoration of services can reduce immediate stress, but it does not by itself establish a durable trend in the token.
Further reporting and context are available on the BNB topic page.
