Reuters : Binance says it plans to resume withdrawals in phases starting Sunday, after covering 95% of the ~$6.3B in tokens stolen in the hack, including BTC and ETH — Binance, the world's biggest cryptocurrency exchange, said it would resume withdrawals in phases after covering 95% of the $6.3 billion …
Binance says it plans to resume withdrawals in phases starting Sunday, after covering 95% of the ~$6.3B in tokens stolen in the hack, including BTC and ETH (Reuters)
In short
The world's largest cryptocurrency exchange is working to restore standard operations following a major security incident. Platform operators managed to cover roughly 95% of the estimated $6.3 billion in stolen tokens, which included major holdings like Bitcoin and Ethereum. Customer access to capital will be restored gradually in stages starting this Sunday to ensure system security.
Key points
- The world's largest cryptocurrency exchange is actively working to restore normal custome…: The world's largest cryptocurrency exchange is actively working to restore normal customer operations.
- Platform stability is improving after management absorbed the vast majority of the breach…: Platform stability is improving after management absorbed the vast majority of the breach's losses.
- Account holders will regain access to their digital assets through a staged withdrawal ti…: Account holders will regain access to their digital assets through a staged withdrawal timeline.