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Dogecoin community member Mishaboar has shared a fresh safety reminder to DOGE holders as cryptocurrency withdrawals resume on Binance following the exchange's recent security incident.
Binance began restoring withdrawals in phases on November 1, 2026, with that of Dogecoin already restored. Binance has also published a cryptographic Proof of Reserves for selected assets, including Dogecoin, based on its October 31 snapshot.
As native Dogecoin withdrawals have now been restored, Mishaboar shared his "usual reminder" to the Dogecoin community, telling them to ensure they select the actual Dogecoin network when withdrawing to their wallets, "rather than stuff like Binance-pegged DOGE on BSC," he said.
A Binance-Pegged Dogecoin, a BEP-20 token, runs on the BNB Smart Chain (BSC), and the distinction between it and the actual DOGE coin on the Dogecoin network remains essential to prevent confusion.
Mishaboar also advised users not to rush the withdrawal process, noting that wallet security and proper backup procedures should come first: "My recommendation remains the same: withdraw when and if you can, without rushing, and after verifying that you have good backups of your wallets and that the wallet you are using is secure."
Binance publishes initial findings on security incident
Major crypto exchange Binance recently published initial findings and a response update on the October 29 security incident.
According to Binance, the attackers targeted multiple engineers through malicious software, including an earlier attempt involving a tampered devtool installer and a fake job interview that delivered malware. They then exploited an internal AI tool and stolen deployment credentials to gain access to Binance's wallet-signing infrastructure.
The incident involves assets of some $6.34 billion. About $2.85 billion worth of assets have been intercepted or frozen as of the update.
As of Oct. 31, 2026, Binance said it has restored 98% of the affected token assets and is working on purchasing outstanding, more illiquid assets.
Binance stated that the entry points identified as having been used in the attack have been closed, and it is engaging independent third-party cybersecurity experts to conduct a comprehensive review of the incident.