At 07:00 UTC on 10 November 2026 Binance Pool stopped. The notice, which The Block and Decrypt quote and which Binance had published on 13 October, also stops Pool Savings, Cloud Mining, and Transaction Accelerator at the same minute. The pool’s connection addresses, its APIs, and its hashrate alerts disconnect. Shares sent after the cutoff are not credited. Historical pages stay readable until 07:00 UTC on 24 November. This page did not open the notice. The reason in the quoted text is an ongoing product review. It is not the October hot-wallet theft.
What is crypto mining?. A pool is a service that groups miners and pays them for shares of work. When the service stops, the machines do not stop hashing. They stop being paid by this pool. The operator has to point them somewhere else, which the quoted notice told people to do before the cutoff. Pool Savings is a balance inside that product. The quoted notice says to redeem it before the cutoff. After 07:00 UTC that door is the notice’s, not a guess this page will add.
What happened
Decrypt’s account of the same notice says identity verification for a final payout had to be finished by 23:59 UTC on 10 November. A check the company asks for inside an account you already use is not a message that needs a recovery phrase. See How do you keep crypto safe?. A page that stays readable until 24 November is an archive. It is not a pool that is still paying.
This is not the hot-wallet loss. That article’s 98 percent figure, and the withdrawal routes still closed on that page, do not move because a mining product switched off. What is a crypto exchange balance? is the customer ledger for coins held at the exchange. A pool balance is a different product on the same brand. What is Bitcoin? is the asset the pool was organised around. Bitcoin’s schedule did not change at 07:00 UTC.
Why it matters
If you mined to Binance Pool, the work after 07:00 UTC on 10 November is not credited there. If you had a Pool Savings balance and did not redeem it before the cutoff, you are waiting on whatever the notice says happens to a leftover balance, which this page has not opened in the original. If your bitcoin is in a wallet whose keys you hold, and you never pointed a machine at this pool, the closure did not spend that wallet.
A shutdown notice is also a costume. The action the quoted text describes is a miner pointed somewhere else, and a redemption inside an account the person already had, before a clock that has now passed. A message that needs a recovery phrase, a code from a text, or a deposit to a new address “so the final payout can be released” is not that notice.
What happens next
The archive coming down at 07:00 UTC on 24 November. Whatever Binance says, on its own channels, about a Pool Savings balance that was still there at the cutoff. Watch those channels. We will not treat a closed mining product as the October theft, and we will not treat a readable history page as a pool that is still accepting shares.
Not a recommendation to mine, to point a machine at another pool, or to move bitcoin. Not a finding that every mining pool stopped. Not the hot-wallet article. The quoted notice is four products, one minute, and a reason that is a product review.
