Binance, the world’s largest cryptocurrency exchange, has reopened withdrawals for Hyperliquid (HYPE) and Aptos (APT) tokens following the completion of a platform audit. Yi He, co-founder and president of Binance, confirmed the decision, which ends an extended delay for users holding these assets.
Background of the Withdrawal Suspension
The move comes after a significant disruption earlier this year when Binance experienced one of the largest cyberattacks in history. According to statements from the FBI and blockchain analytics firm Chainalysis, the North Korean hacking group TraderTraitor drained approximately $6.3 billion from Binance’s hot wallets within a 20-minute window.
In response, Binance blocked around $3 billion in assets in partnership with stablecoin issuers Tether and Circle. The exchange also pledged to reimburse users in full through its Secure Asset Fund for Users (SAFU) and initiated comprehensive audits across both the Solana and Ethereum networks. Gradual reopening of withdrawals for different tokens began on November 1, but HYPE remained unavailable until now, causing frustration among its community.
Community Tensions and Accusations
Hyperliquid’s community reacted strongly to being the last major project to regain withdrawal functionality. Critics voiced concerns of unfair treatment and alleged anti-competitive practices. Hyperliquid, a prominent player in decentralized finance (DeFi) and on-chain derivatives trading, holds a significant market presence, making these developments particularly sensitive for its supporters.
Disputes between Hyperliquid and Binance date back to 2025, when Hyperliquid founder Jeff Yan publicly accused Binance of manipulating liquidation data during a market event on October 10, 2025, which saw crypto positions worth about $40 billion rapidly closed. Following this, Binance delayed the spot listing of the HYPE token until September 24, 2026, assigning it a Seed Tag to reflect its high-risk status. Binance founder Changpeng Zhao addressed the controversy by stating that greater participation from decentralized exchanges strengthens the overall cryptocurrency sector.
In the aftermath of the security breach, Binance prioritized user protection and full audits, with Yi He stating that fulfilling obligations to customers is more important than business rivalry.
Technical Challenges and Rationale
Beyond market competition, Binance cited technical reasons for the delayed resumption. HYPE runs on its own HyperEVM Layer-1 blockchain, which differs from both the standard Ethereum Virtual Machine and Solana-based platforms. As a result, the post-attack audit for HYPE involved additional complexities and required extended evaluation to ensure platform security and user protection.
While the extended pause prompted speculation of corporate retaliation, Binance emphasized that the delay was a necessary measure for safeguarding user assets and maintaining transparency after a large-scale security incident.
Given the renewed ability to withdraw HYPE and APT on Binance after a high-profile cyberattack and technical review, traders may want a reliable way to follow token status and exchange updates in real time. CryptoAppsy‘s live news monitoring feature helps users stay immediately informed about new withdrawal statuses and other critical developments for assets like HYPE, enabling fast responses to platform changes as they are announced.
