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Crypto Timeline, November 6, 2026: Binance Recovery Steps and Zilliqa’s Planned L2 Shift

Historical roundup based on PANews reporting published November 6, 2026, at 17:36:56 UTC+8. Statuses below reflect that report, not subsequent developments.

Binance withdrawals: phased reopening scheduled

Binance’s security-incident recovery update #9 said withdrawals for another group of assets would reopen progressively from 12:00 Beijing time on November 6.

The schedule covered assets across BSC, Base, Ethereum, Optimism, Polygon and Arbitrum, including USDE, PENDLE, ZRO, XRP and CAKE. Reopening depended on completed security checks; it was not a simultaneous restart for every asset. Deposits remained operational.

Binance said it would prioritize restoration according to user demand over the preceding week. Other assets would follow when conditions allowed, and users could encounter temporary delays or longer processing times during recovery.

Status: Phased restoration announced; the report did not confirm completion for every listed asset.

Arbitrum asset return: proposal, not an approved release

Binance submitted a proposal on the Arbitrum governance forum seeking the return of 8,425.997 ETH and 74,559,805.2 ARB frozen on Arbitrum One. The funds would go to a Binance-designated recovery address to compensate affected users.

According to the report, the Arbitrum Security Council had frozen and transferred the assets to a designated address following the attack on Binance’s hot wallet.

The proposal remained at the forum-discussion stage. It still required a Snapshot sentiment vote and onchain governance. The process was expected to take approximately 49 days, potentially longer if legal proceedings restricted asset transfers. It did not involve additional DAO spending.

Status: Pending governance; the estimated process length was not a confirmed return date.

Zilliqa: Ethereum L2 transition announced, migration timing unspecified

Zilliqa said it would move from an independent Layer 1 to Zilliqa Institutional Layer (ZIL), an Ethereum Layer 2 intended for regulated institutions.

The team said nine years of independent Layer 1 operation had not delivered the expected results, citing insufficient usage, capital and liquidity. It also pointed to recent security incidents as evidence of the cost of maintaining a standalone chain.

The ZIL token would remain, and holders did not need to take action at the time of the announcement. Technical details would be published in advance, with any conversion or migration governed solely by official website announcements.

Status: Strategic transition announced; no execution date was supplied in the report.

Lido Swap: reported live

Lido announced that its Swap feature was live, enabling token exchanges directly through its interface on Ethereum, Arbitrum and Base, powered by CoW Swap.

Lido said the component automatically added an extra price-protection layer for larger swaps, using Chainlink price oracles to help users avoid unusually unfavorable exchange rates.

Status: Reported launched, rather than scheduled for a future date.

Original article: PANews, November 6, 2026

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