Binance, the world's largest cryptocurrency exchange, has officially resumed withdrawals for Hyperliquid and Aptos, reopening the channels for users to trade HYPE and APT tokens. He Yi, co-founder and president of the platform, confirmed that this resumption of services took place after the completion of an audit.
Behind this announcement, a week-long standoff between Binance and the HYPE community has come to an end. Since holders of the Hyperliquid native token HYPE had to wait longer than users of other tokens to withdraw their funds from Binance, the community was quite dissatisfied with this situation.
The cause of this incident is what FBI and Chainalysis refer to as the largest cyberattack in history. Reports indicate that the North Korean hacking group TraderTraitor emptied Binance's hot wallets within 20 minutes, stealing approximately $6.3 billion. Subsequently, with the help of Tether and Circle, Binance froze $3 billion in funds and pledged to fully compensate users through the SAFU fund. At the same time, a comprehensive audit was conducted on Solana and the Ethereum blockchain. Following this, starting from November 1st, Binance began to gradually restore withdrawals for various tokens.
Hyperliquid Is the opposition between them and Binance truly existent?
HYPE is the last token to regain the qualification for withdrawals. The community behind this DeFi giant has expressed dissatisfaction with this arrangement, accusing it of "destructive behavior" and "unfair competitive strategies." However, reports suggest that things are not that complicated: as a leading project in the field of decentralized finance, Hyperliquid occupies a considerable market share in on-chain derivatives trading, which certainly affects Binance's business.
The opposition between the two parties can be traced back to 2025. That year, Jeff Yan, the founder of Hyperliquid, publicly accused Binance of downplaying the clearing data after the incident on October 10, 2025. In that incident, positions worth approximately $40 billion in the crypto market were marginally liquidated. It was not until September 24, 2026, that Binance launched HYPE futures and labeled the token as “Seed Tag”, a label typically used for high-risk cryptocurrencies. Zhao Changpeng, the founder of Binance, denied these accusations in a more diplomatic manner, stating that powerful decentralized exchanges would instead make the entire industry’s “cake” larger.
The report also stated that there were indeed technical reasons for the delay. HYPE operates on its own Layer-1 network HyperEVM. After such a serious hacking incident, auditing this customized blockchain architecture – rather than a standard EVM or an architecture based on Solana – requires more time and attention to be completed properly.
However, following this cybersecurity crisis, the suspension of withdrawals was still interpreted by the outside world as "retaliation" on the part of the company. Therefore, He Yi's statement and the high-profile resumption of withdrawals are seen as a signal that fulfilling obligations to customers takes precedence over market competition.
