BNB price steadies as Binance restores withdrawals after security incident

Published on 11/08/2026 at 13:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The BNB price remains focused on Binance's phased withdrawal recovery after the October security incident. Binance says most affected assets have been replenished, while further restoration remains subject to security checks.

Recovery remains market focus

BNB traded at 697.90 USD at 11:16:47 Berlin time on November 8 on Investing.com.
Binance said approximately 6.34 billion USD in digital assets were impacted by the October 29 security incident.
Withdrawals for BNB on BNB Smart Chain resumed in a phased reopening that began on November 1.
CoinMarketCap's November 7 historical snapshot listed BNB at 695.24 USD and ranked it fourth by market capitalization.

BNB, XCCRYPTOBNB5, Illustration mit AI erstellt.

BNB price remained near 698 USD on November 8 as the market continued to assess Binance's recovery after its October security incident. The Investing.com BNB/USD page, read at 11:16:47 Berlin time, showed 697.90 USD, a daily range of 694.20 to 701.90 USD and a 24-hour volume of 983.74 million USD. The page listed a market capitalization of 91.74 billion USD and rank four.

The quote page does not identify a separate dated trading session, so the reading is presented as the observed value on November 8 rather than as a verified UTC daily close. For a dated reference, CoinMarketCap's historical snapshot for November 7 listed BNB at 695.24 USD, with a market capitalization of 91,432,279,080.53 USD, 131,511,029 BNB in circulation and 24-hour volume of 982,561,174.03 USD.

Security incident remains central

Binance's Initial Findings and Response Update, dated November 3, said the October 29 incident affected approximately 6.34 billion USD in digital assets. Binance attributed the unauthorized transfers to access to an internal wallet signing service and said 2.85 billion USD in assets had been frozen or intercepted, subject to reconciliation and market-price volatility.

The exchange also said 98 percent of impacted token assets had been replenished as of October 31 and that it would absorb the financial impact rather than pass losses to users. The investigation and an independent review were still ongoing in the company's account.

Withdrawals reopen in stages

According to BeInCrypto Global on Binance Square, Binance began restoring withdrawals on November 1 through a controlled, network-by-network rollout. BNB withdrawals on BNB Smart Chain were among the services listed as re-enabled. The report said additional assets and networks would be opened progressively, with temporary delays possible during periods of high demand.

For investors, the operational recovery is the immediate issue rather than a standalone token catalyst. BNB remains closely associated with activity across Binance's exchange and blockchain ecosystem, so the pace of restoration and the completion of security reviews are relevant to market confidence. The available data does not establish that the security event or the recovery process directly caused the observed price movements.

Market data in context

Investing.com listed a 52-week range of 537.61 to 1,018.40 USD and 131.51 million BNB as both maximum and circulating supply. These figures describe the market snapshot, not a forecast. Traders should distinguish the November 8 intraday reading from the November 7 historical reference because BNB trades continuously rather than on a conventional exchange close.

More reporting and price context are available on the BNB topic page.