Binance Resumes RLUSD Withdrawals as Part of Broader Cyberattack Recovery Efforts
Binance has resumed withdrawals for Ripple’s US dollar-pegged stablecoin, RLUSD, on the Ethereum network, marking a key step in its recovery from a $6.3 billion cyberattack in October. The restart is part of a phased rollout that includes multiple assets and networks, with security checks conducted before each activation. The company continues to restore services gradually while maintaining deposit functionality.
On November 3, 2026, at 04:00 UTC, Binance resumed withdrawals for Ripple’s US dollar-pegged stablecoin, RLUSD, on the Ethereum network—a significant milestone in its recovery from a $6.3 billion cyberattack that occurred on October 29, 2026. This move marked the second major phase of a phased restoration effort, following an initial restart on November 1 for assets including Bitcoin, Ethereum, XRP, Solana, Dogecoin, Zcash, USDT, and USDC. The resumption includes RLUSD alongside other assets such as Shiba Inu, Chainlink, Worldcoin, Ondo, and Ethena on Ethereum, with further rollouts planned for larger assets like XRP on the BNB Smart Chain. Binance emphasized that each asset-network pairing undergoes rigorous security and operational checks before activation, ensuring stability and trust during recovery. The FBI identified North Korean hackers linked to the TraderTraitor operation as responsible for the breach, which involved the conversion of stolen funds into Ethereum—raising concerns about traceability through decentralized finance platforms.
The broader context includes Binance’s prior actions: maintaining deposit functionality throughout the crisis, deploying $580 million from its SAFU fund for reparations, and conducting ongoing security assessments across multiple networks including BNB Smart Chain, Solana, Sui, Arbitrum, Optimism, Tron, Base, and XRP Ledger. Ripple, developer of RLUSD and XRP, has long focused on cross-border payment solutions, making the stablecoin’
The resumption of RLUSD withdrawals signals a critical step toward restoring trust in one of the world’s largest crypto exchanges after one of the most severe breaches in digital finance history. Users, particularly those relying on stablecoins for cross-border transactions or as a hedge against volatility, may see renewed confidence in Binance’s operational resilience. However, the broader market could experience ripple effects: increased scrutiny on exchange security protocols, potential shifts in user preference toward more decentralized or audited platforms, and heightened regulatory interest in how large-scale breaches are managed. The incident echoes the 2014 Mt. Gox collapse, where delayed recovery and lack of transparency eroded trust for years—though Binance’s proactive SAFU fund use and phased approach may mitigate long-term reputational damage. What remains to watch is whether other exchanges face similar attacks amid rising geopolitical cyber threats, and how regulators res