Binance Restores ZEC, TON and SUI Withdrawals After Hack
Binance has restored withdrawals for Zcash (ZEC), Toncoin-network assets including USDT and GRAM, and Sui (SUI) after an October 29 security breach. The exchange is resuming services in stages as security checks are completed, so some networks may remain unavailable and withdrawals may be delayed. Binance says its reserves and Secure Asset Fund for Users (SAFU) have covered about 95% of the reported $6.3 billion in affected funds. Separately, the FBI attributed the theft of more than $6 billion in cryptocurrency to the North Korean group TraderTraitor. US authorities said much of the stolen crypto was converted to Ether (ETH) and warned that further laundering through DeFi and instant-swap services may follow. The Binance withdrawal restoration eases immediate access concerns, but the reported scale of the breach and ongoing security reviews may keep crypto security and market volatility in focus for traders.
Neutral
For the cryptocurrencies specifically mentioned, the overall price impact is neutral. Restored withdrawals on Binance reduce immediate liquidity and access concerns for ZEC, TON-related assets and SUI, which may ease short-term selling pressure caused by uncertainty. However, phased service restoration and possible delays mean operational concerns have not fully cleared. The reported scale of the breach, continued security checks and warnings about laundering create a countervailing risk that could weigh on trader confidence and increase volatility. Over the longer term, prices will depend more on asset-specific demand, liquidity and whether the exchange and authorities provide reassuring updates; the summaries do not establish direct evidence that the breach itself caused lasting damage to these tokens. The report that some stolen funds were converted to ETH does not, by itself, indicate a clear directional price effect for ETH.