Binance announced it is resuming Hyperliquid withdrawals in stages, prioritizing assets based on user demand and completing security checks for each network-asset pair. But, in its Recovery Update #8 released on November 5 2026 one token was Worth noting missing: HYPE, the native token of HYPE.
This absence is surprising, given that HYPE is a widely followed crypto asset and Hyperliquid ranks among the largest platforms for onchain derivatives. If user demand and market significance are the main criteria, the exclusion of HYPE raises questions. The explanation may involve technical clearance issues, inventory restocking, and a ticker symbol confusion that has caused misunderstanding among many readers.
Recovery Update
#8 restored withdrawals for 69 network-asset pairs representing 62 tokens, starting at 04:00 UTC on November 5. Ethereum led with 36 additions, including UNI, AAVE, PAXG, and LDO. BNB smart chain gained 24 pairs, with Base adding four, TRON three, polygon one and Sui one. Especially, the list includes HYPER, not HYPE.
Source: Medium
HYPER is a cross-chain messaging protocol and token that’s tradable on Ethereum and BNB smart chain. HYPE is a layer-1 designed for perpetuals and spot trading. Based on some traders, HYPER was confused for HYPE and the latter was believed to be back online. Yet, it remained dormant plus LINK, WBTC, WBETH, and USDS when Binance proceeded with the return of BTC, ETH, USDT, BNB, SOL, and other blue chips.
Also Read: Hyperliquid Revenue Hits $1.49B as HYPE Price Eyes Breakout Amid Token Burns
Why HYPE Neds a Different Check
Binance unpauses withdrawals per network-asset pair not per token the HYPE token is native to the Hyperliquid L1, not deposited on it like an ERC-20 or BEP-20 token on Ethereum or BNB Smart Chain. Clearing HYPER on Ethereum tells us nothing about HYPE on Hyperliquid.
Why Is $HYPE Missing From Binance’s Withdrawal Restoration List?
Binance says it is prioritizing assets based on user demand over the past week and restoring each network-asset pair after rigorous security checks.
But one notable name is missing: $HYPE.
It’s hard to understand… https://t.co/hG9QoXgWDG
— Hyperliquid Daily (@HYPERDailyTK) November 6, 2026
That has implications for security. Following the hot-wallet attack, an exchange must now verify wallet infrastructure, signing configurations, connectivity with nodes, and reconciliation for each chain. A bespoke Layer 1 with its own consensus may take more effort than a regular EVM chain. Inventory may also matter. The reopening follows the October 29 hot-wallet breach, attributed by the FBI to North Korea’s TraderTraitor group and initially valued at about $6.3 billion.
Source: PYMNTS
Binance said it had recovered roughly 98% of affected assets in Update #7, with just the remaining 2% involving less-liquid tokens transacted through markets and OTC deals. Binance has not said HYPE is in that group. For traders, the impact is friction. They can trade HYPE on Binance but can’t withdraw to self-custody or Hyperliquid until that pair clears.
Also Read: Hyperliquid Seals Major $650B Breakthrough Oct 29 Deal
What’s Next for Binance, HYPE and Users
Transparency is the key question at this stage. Binance should clarify if the delay is due to security measures, inventory restocking, or both, and give an expected timeline. It should also disclose the method to estimate user demand. Ultimately, this is a question of trust post-halt. Binance has promised phased reopening, more proof-of-reserves coverage and entire losses coverage.
Source: Bombay Chamber
Its approach to outliers like HYPE will determine if total confidence in the exchange has been restored. For Hyperliquid, the episode signals strength and reliance. The protocol gained recognition for its suspension, but HYPE holders on Binance still require a centralized custodian. Just because HYPE is lacking, doesn’t necessarily mean a bigger issue exists. It could simply be a slower, blockchain-specific evaluation. Unless Binance offers an explanation, this cause for omission will remain an open question.
Also Read: Hyperliquid Generates $105M in September Revenue as HYPE Price Eyes Rally
Ananthyka J
Ananthyka J is a market reporter at Tronweekly, reporting on cryptocurrency news. She covers cryptocurrency markets, blockchain technology, and digital asset regulation, focusing on Bitcoin, Ethereum, DeFi, altcoins, and crypto policy. Her reporting emphasizes clear and accurate market coverage, including crypto market movements, regulatory developments, and blockchain adoption. She holds a BA in Journalism and Mass Communication and an MA in Communication and Media Studies. She has also completed multiple media internships, follows strict editorial and fact-checking standards, and discloses potential conflicts of interest when reporting.
