Binance reopens HYPE and APT withdrawals after post-hack audit
Binance has re-enabled HYPE and APT withdrawals, U.Today reports, ending a wait that Hyperliquid's community called sabotage after a major hack.
Binance has re-enabled withdrawals of HYPE, the Hyperliquid token, and of Aptos' APT, according to U.Today. The report says Binance co-founder and president Yi He confirmed the change, and that it followed the completion of an audit. This account comes from a single outlet and was not independently confirmed in the material reviewed.
U.Today says HYPE was the last token to become eligible. Holders therefore waited longer than users of other assets, and parts of the Hyperliquid community complained of sabotage and unfair competition.
Background: the hack and the staged reopening
U.Today ties the pause to a large attack on Binance. It cites the FBI and Chainalysis as saying the North Korean group TraderTraitor drained the exchange's hot wallets in about 20 minutes. The outlet's headline puts the hack at $6.4 billion, while the article text says about $6.3 billion, so the exact figure is inconsistent within the piece.
According to U.Today, Binance blocked about $3 billion with help from Tether and Circle. It also pledged to cover 100% of user funds from its SAFU fund and audited activity on the Solana and Ethereum chains. The outlet says Binance began reopening token withdrawals on November 1.
Rivalry claims and a technical explanation
U.Today places the dispute in a longer feud. It says Hyperliquid founder Jeff Yan publicly accused Binance of understating liquidation data after the October 10, 2025 market event, in which positions worth around $40 billion were closed. Per U.Today, Binance then delayed HYPE's spot listing until September 24, 2026 and gave it a Seed Tag, a label usually applied to high-risk assets. The outlet also reports that Binance founder Changpeng Zhao rejected the accusations and said strong decentralized exchanges expand the market for the whole industry.
The article also offers a technical reason for the delay. HYPE runs on its own Layer-1 network, HyperEVM. U.Today argues that auditing a custom architecture, rather than a standard EVM or Solana-based chain, takes more time after a hack. It adds that the pause was still read by many as corporate revenge.
Why it matters and what remains open
For HYPE holders on Binance, the practical change is that they can move the token off the exchange again. U.Today reads Yi He's announcement as a signal that obligations to clients outrank competition between the two platforms. That is the outlet's interpretation, not a statement from Binance.
Several points remain unresolved in the reporting. Binance has not been quoted addressing the sabotage claims. The Seed Tag and the September 24, 2026 spot listing date, as U.Today describes them, are still in place. The dispute over liquidation data raised by Yan also has no reported resolution.
Sources
Written with AI assistance from the sources above and checked against them. Not investment advice.