Binance Resumes Withdrawals Amid Fake $150 Reward Scam Warning
Binance warns users of fraudulent $150 reward claims while resuming withdrawals across 15 networks.
Binance warns users of fraudulent $150 reward claims while resuming withdrawals across 15 networks. Bitcoin (BTC) is trading at ₹73,91,854 ($77,768.00), down 0.1% since this brief published. This is an original Token Times brief based on reporting by Blockonomi, with live market data added, as of Sun, 01 Nov 2026 22:15:01 UTC.
The incident highlights ongoing security challenges for major exchanges and the need for vigilance against social engineering attacks, even as normal operations resume.
- Binance warns of fake $150 reward scam circulating on social media.
- Withdrawals resumed across 15 networks including Bitcoin and Ethereum.
- Proposed community rewards still require regulatory approval.
- Bitcoin and Ethereum prices remain relatively stable amid the news.
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- Binance Resumes Withdrawals Amid Fake $150 Reward Scam Warning — this brief
Binance has issued a warning to users about a circulating scam involving fake $150 rewards, while simultaneously resuming withdrawals across 15 blockchain networks. The exchange clarified that no cash voucher campaign was currently active and that any such claims were fraudulent.
The warning comes amid reports of fake screenshots circulating on social media, promising users $150 in rewards. Binance emphasized that any proposed community rewards are still under review and require regulatory approval. The exchange also denied rumors of compensation for the recent withdrawal suspension.
Withdrawals have now been restored across all major networks, including 
Bitcoin and 
Ethereum, following a temporary suspension that had raised concerns among users. The incident highlights the ongoing challenges exchanges face in maintaining security and preventing social engineering attacks.
The broader crypto market remains relatively stable, with Bitcoin trading at $77,857 and Ethereum at $2,262.28, showing minimal impact from the Binance news. The overall market cap stands at $2.68 trillion, with a Fear & Greed index of 34, indicating a 'Fear' sentiment.
As Binance continues to address the aftermath of the withdrawal suspension, users are advised to remain vigilant against potential scams. The exchange's transparency in addressing the fake reward claims and resuming withdrawals promptly is a positive step, but ongoing regulatory scrutiny and security challenges remain.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from ₹74,00,313.46$77,857.00 to ₹73,91,854.00$77,768.00 — -0.11%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₹8.16M (about $77,768.00), up 0.2% over 24 hours. The rupee itself trades about 10.4% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 1, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Binance Resumes Withdrawals Amid Fake $150 Reward Scam Warni — questions & answers
What is the Binance $150 reward scam?
Fraudulent screenshots claiming users could receive $150 in rewards are circulating on social media, which Binance has confirmed as fake.
When did Binance resume withdrawals?
Withdrawals resumed across 15 networks, including Bitcoin and Ethereum, following a temporary suspension.
Are there any Binance compensation plans?
Binance has denied rumors of compensation for the withdrawal suspension.
How much is 1 Bitcoin worth in rupee today?
About ₹8.16M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $77,768.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.11% since this brief first published — trading at ₹73,91,854 ($77,768.00) now versus ₹74,00,313 ($77,857.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Blockonomi. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.